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GRAPH #1 Price GRAPH #2 Price (dollars par unit) 10 MC MR MO 12 16 20 Quantity (millions of Inhalers) 1. Use Graph #1, the

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GRAPH #1 Price GRAPH #2 Price (dollars par unit) 10 MC MR MO 12 16 20 Quantity (millions of Inhalers) 1. Use Graph #1, the Profit-Maximizing Perfectly Competitive Firm will take the price of_ Choose... HDI KEA 2. Use Graph #1, the Single Price Monopoly will set the price of_ ACD $0.00 $16.00 3. Use Graph #1, the area of consumer surplus in the case of a Perfectly Competitive Firm Is $64.00 4. Use Graph #1, the area of producer surplus in the case of a Perfectly Competitive Firm is KHD 5. Use Graph #1. the area of consumer surplus in the case of the Monopolist is HBC 8. Using Graph #1. the area of producer surplus In the case of the Monopolist Is Choose... 7. Using Graph #1, the area of DWL that the Monopolist creates is Choose... B. Using Graph #2. The amount of consumer surplus in the case of a single price monopolist is Choose.. . 9. Using Graph #2. The amount of consumer surplus the monopolist captures from the consumer when it practices first degree price discrimination is Choose... 10. Using Graph #2. The amount of consumer surplus that is left for the consumer after the monopolist has captured it in Question #9 is_ Choose... 9

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