Question: A discriminating monopolist sells in two markets where the demand respectively is

Q ₁ =24-0.20P ₁ , Q ₂ =10-0.05P ₂ and total cost is C=35+40Q where Q=Q ₁ +Q ₂

1. 
   Determine the quantity sold and the price charged in each market.
   (b) Find the price elasticity of demand at equilibrium in each market and comment on how they relate to the relative prices charged in both markets.
   
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