Exhibit: Price Discrimination Price $15 $10 $7.50 $5 20 30 Quantity 40 MC=AC = $5 D 60 (Exhibit: Price Discrimination). The diagram depicts a monopolist who can charge everyone the same price or separate customers into groups. There are 20 adults willing to pay $10 or more; there are 10 teens willing to pay $7.50 or more. If the monopolist sets those prices for each group, his profits will be: a. $100 O b. $250 O c. $50 Od. $125

Exhibit: Price Discrimination Price $15 $10 $7.50 $5 20 30 Quantity 40 MC=AC = $5 D 60 (Exhibit: Price Discrimination). The diagram depicts a monopolist who can charge everyone the same price or separate customers into groups. There are 20 adults willing to pay $10 or more; there are 10 teens willing to pay $7.50 or more. If the monopolist sets those prices for each group, his profits will be: a. $100 O b. $250 O c. $50 Od. $125

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter13: Antitrust And Regulation

Section: Chapter Questions

Problem 10SQP

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Use the following graph of a monopoly market to answer this question: P $13 $10 150 300 Which of the following statements is an accurate interpretation of the graph? This firm engages in perfect price discrimination; 150 of its customers are willing to pay exactly $13, and 150 are willing to pay exactly $10. This firm price-discriminates by selling its product for $13 to the 150 consumers willing to pay at least $13, and selling it for $10 to the 150 consumers willing to pay between $10 and $13. This firm engages in price discrimination by negotiating on price with each of its customers. This firm price-discriminates by selling its product for $13 to the 150 consumers willing to pay at least $13, and selling it for $10 to the 300 consumers willing to pay between $10 and $13. This firm engages in perfect price discrimination; 150 of its customers are willing to pay exactly $13, and 300 are willing to pay exactly $10.
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The figure on the right shows the demand schedule for a product produced by a single-price monopolist. Price ($) 10 987654 Quantity demanded A. 9; 10; -1 B. 40; 45; 5 C. 36; 41; 5 D. 5; 4; 1 E. 15; 15; 0 4 567892 10 Using the graph on the right, suppose this single-price monopolist is initially selling 4 units at $10 each and then reduces the price of the product to $9. By making this change, the firm is giving up revenue of Its and gaining revenue of marginal revenue is therefore (All figures are dollars.) Price ($) 141 13- 12- 11- 10- 9- 6- 5- 4- 3- 2- 1- -N 4 5 6 7 8 9 10 11 12 13 14 15 16 Quantity Q Q
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Subject: economics
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Answer everything in the photo please.
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