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freckles freckles
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A year ago

The diagram below shows the demand and marginal revenue curves for a perfectly price discriminating monopoly.

Short description: A graph plots Q against dollars. Long description: The horizontal axis representing Q ranges from 0 to 2000, in increments of 500. The vertical axis representing dollars ranges from 0 to 14, in increments of 2. The graph plots two lines. The first line passes through the points, (0, 12), (250, 9), (500, 6), (750, 3), and (1000, 0). The second line representing D passes through the points, (0, 12), (500, 9), (1000, 6), (1500, 3), and (2000, 0).

FIGURE 10-10

Refer to Figure 10-10. If this is a perfectly price discriminating monopoly at a constant cost equal to $3.00 (i.e., AC = MC = $3.00) the lowest price charged per unit is



▸ $4.

▸ $5.

▸ $3.

▸ $2.

▸ $6.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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Boba155Boba155
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