Suppose a discriminating monopolist in selling a product in three separate markets whose demand functions are Q1 = 500 — P1,  Q2 = 150 — 0.5P2 and Q3 = 75 — 0.5P3. If its cost function is given as TC = 70,000 — 100Q.   As an economic adviser, determine the prices to be charged in the three markets and the amount of output to be sold in each market so that total profits can be maximised,  henT compute the total profit made from this strategy of price discrimination

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