Market Demand is given in the table below. The only producer in the market is a monopolist. They have a constant Marginal Cost of $25. Assume no externalities and only integer units. What is the change in TOTAL Surplus if the monopolist goes from charging the same price for every unit (i.e. single-price) to doing perfect price discrimination. Enter a number only, no $ sign. Include a negative sign if Total Surplus under the single-price setting is higher. MWTP $64 $48 $32 2 3 4 $21 15 13 1.

Market Demand is given in the table below. The only producer in the market is a monopolist. They have a constant Marginal Cost of $25. Assume no externalities and only integer units. What is the change in TOTAL Surplus if the monopolist goes from charging the same price for every unit (i.e. single-price) to doing perfect price discrimination. Enter a number only, no $ sign. Include a negative sign if Total Surplus under the single-price setting is higher. MWTP $64 $48 $32 2 3 4 $21 15 13 1.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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