06 Question See page 345 A local magic shop has a monopoly on the production of magic wands. Each customer wants only one magic wand, and the table below shows each customer's willingness to pay. The marginal cost of producing a wand is $9 no matter how many are produced. Quantity demanded 012345678 Price per wand ($) 30 27 24 21 18 15 12 96 7th attempt Part 1 If the shop can charge only a single price, it will charge $ and sell wands. Part 2 If the firm practices perfect price discrimination, it will sell a total of wands and earn a profit of $ | See Hint See Hint

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