90 Monopoly Outoome 80 Profit A 50 E 40 Consumer Surplus MC- ATC 20 Deadweight Loss 10 Demand 100 200 300 400 500 600 700 B00 000 1000 QUANTITY (Pairs of Ooh boots) Consider the welfare effects when the industry operates under a monopoly and cannot price discriminate versus when it can price discriminate. Complete the following table by indicating under which market conditions each of the statements is true. (Note: If the statement isn't true for either single-price monopolies or perfect price discrimination, leave the entire row unchecked. ) Check all that apply. Statement Single-price Monopoly Perfect Price Discrimination Barefeet produces a quantity less than the efficient quantity of Ooh boots. Total surplus is maximized. There is deadweight loss associated with the profit-maxcimizing output. PRICE (Dollars per pair of Och boots)

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