A monopolist with a cost function C=1.000Qt + 2.000 is able to sell its output Q into two distinct markets where the market demand functions are : Q1=3.500-0.5p1 and Q2=2.000-0.5p2 a. How much does the firm sell in each market and at what price? And how much total profit does the firm earn? b. If the firm loses its ability to discriminate between the two markets, find the total output, the market price and the firm’s profit when it sells all its output at the same (uniform) price. c. Illustrate your answers to Parts (a) and (b) with a clearly labelled diagram showing the demand curves, marginal revenue curves and the firm’s marginal cost curve.