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barmour44 barmour44
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Posts: 420
5 years ago

Question 1.

Draw a graph that shows producer surplus, consumer surplus, and deadweight loss in a market where the seller practices perfect price discrimination. Be sure to identify the demand curve, the marginal revenue curve, the marginal cost curve, and the profit-maximizing quantity on the graph.

Question 2.

Figure 16-4




Refer to Figure 16-4. Graph (a) represents a monopolist who cannot price discriminate and graph (b) represents a monopolist practicing perfect price discrimination. On each graph, identify the monopoly price, the monopoly output, the efficient output, and the areas representing profit, consumer surplus, and deadweight loss.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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Steve T.Steve T.
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barmour44 Author
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5 years ago
This site is awesome!
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5 years ago
Slight Smile Good luck on the rest
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