Show diagrammatically how a monopoly export marketing board can practice price discrimination between the domestic and foreign market.?

A monopoly export marketing board can practice price discrimination by setting different prices for domestic and foreign consumers. In a diagram, the vertical axis represents price and the horizontal axis represents quantity. The demand curve for the domestic market is typically more inelastic, allowing the board to charge a higher price (P1) compared to the more elastic foreign demand curve, where the price (P2) is lower. This pricing strategy maximizes revenue by capturing consumer surplus from both markets while ensuring that the quantity sold in each market reflects the respective demand elasticity.