If a monopoly is price discriminating between two groups,A and B,based on observable customer characteristics,there is a difference in the marginal cost of selling to the two groups,and the elasticity of demand for group A is -1.5 while the elasticity of demand for group B is -2.1,which of the following is true?
A) The markup and price for group A customers will be higher than for group B customers.
B) The markup and price for group B customers will be higher than for group A customers.
C) The markup for group A customers will be higher than for group B customers, but there is not enough information to determine which price will be higher.
D) The price for group A customers will be higher than for group B customers, but there is not enough information to determine which markup will be higher.

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The Answer of If a monopoly is price discriminating between two groups,A and B,based on observable customer characteristics,there is a difference in the marginal cost of selling to the two groups,and the elasticity of demand for group A is -1.5 while the elasticity of demand for group B is -2.1,which of the following is true?
A) The markup and price for group A customers will be higher than for group B customers.
B) The markup and price for group B customers will be higher than for group A customers.
C) The markup for group A customers will be higher than for group B customers, but there is not enough information to determine which price will be higher.
D) The price for group A customers will be higher than for group B customers, but there is not enough information to determine which markup will be higher.

If a Monopoly Is Price Discriminating Between Two Groups,A and B,based