Question 1 A monopolist sells Soma at the same price into two different markets. The demand for Soma in market #1 is denoted D1(p) = 30 – 2p wherep is the unit price. The demand for Soma in market #2...

Extracted text: Question 1 A monopolist sells Soma at the same price into two different markets. The demand for Soma in market #1 is denoted D1(p) = 30 – 2p wherep is the unit price. The demand for Soma in market #2 is given by D½(p) = 80 – 3p. Assume the monopolist's cost function is C(q) = cq where represents the quantity produced. 5. If c = 1.5 compute the optimal price for the monopolist to charge using the markup formula.