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[Steps Shown] You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Group 1's elasticity

Question: You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Group 1's elasticity of demand is $-2$, while group 2 's is $-6$. Your marginal cost of producing the product is $10.

Determine your optimal markups and prices under third-degree price discrimination.
Identify the conditions under which third-degree price discrimination enhances profits.

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[Steps Shown] You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Group 1's elasticity

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