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-4Refer to Figure 16-4. Graph (a) represents a monopolist who cannot price discriminate and ...

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-4Refer to Figure 16-4. Graph (a) represents a monopolist who cannot price discriminate and ...

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

Edition: 7^th

Authors: Hubbard, O'Brien

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barmour44 Author

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This site is awesome!

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Steve T.

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Good luck on the rest

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