Here are two tables. Suppose that a storm wipes out all Dragon Fruit producers but one, which is now a pure monopoly.

The first table represents the cost, per pound, of producing Dragon Fruit. The second represents the demand schedule for the Dragon Fruit market.

1. What is the profit maximizing price and quantity for the pure monopoly?

2. Is this monopoly efficient? Why or why not?

3. Assume this monopoly could perfectly price discriminate, what would be the profit maximizing quantity?

4. Is the perfect price discriminator allocatively efficient? Under perfect price discrimination, how much consumer surplus do buyers enjoy?