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(h) (10) Now suppose that Larry is a thirddegree price discriminator who charges different prices to each consumer by segmenting the market. Suppose that Moe,
(h) (10) Now suppose that Larry is a thirddegree price discriminator who charges different prices to each consumer by segmenting the market. Suppose that Moe, Curly, and Shemp prefer to eat apple, cherry, and pumpkin pies respectively, and that Larry can make each of these for the same cost 0 = 24. For each type of pie, nd the price pf\" he charges and the quantity (1ng I he sells. III III S S (10) Find the surplus to consumers C and producers P under market segmen tation as well as the deadweight loss DWLHI. How much surplus CS?\" goes to each consumer? (10) Which of these equilibria are efcient? Which is best for the consumers, and which is best for the producer? (100) Larry holds a monopoly in the market for pies, with no fixed costs and a constant marginal cost of c = 24. Moe, Curly, and Shemp are the three consumers who have the individual demand curves q1 (p) = 30 - 92 (p) = 20 - 93 (P) = 10
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