5.14 Fernando has a monopoly on sales of pizzas in the small town of North Key Largo, Florida. Use the following information on the demand for Fernando's pizzas to answer the questions. Price Quantity Demanded $30 25 1 20 2 15 10 4 LO d. Draw a graph showing producer surplus, consumer surplus, and deadweight loss if Fernando does not price discriminate. Draw a second graph showing producer surplus, consumer surplus, and deadweight loss if Fernando practices perfect price discrimination.

5.14 Fernando has a monopoly on sales of pizzas in the small town of North Key Largo, Florida. Use the following information on the demand for Fernando's pizzas to answer the questions. Price Quantity Demanded $30 25 1 20 2 15 10 4 LO d. Draw a graph showing producer surplus, consumer surplus, and deadweight loss if Fernando does not price discriminate. Draw a second graph showing producer surplus, consumer surplus, and deadweight loss if Fernando practices perfect price discrimination.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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