Figure 16-4 -Refer to Figure 16-4.Graph (A)represents a Monopolist Who Cannot Price

question 194

Essay

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.

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