Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How to find unregulated monopolist does not price discriminate , what would be the price and quantity? Micro Unit 4 4.3- Price Discrimination part 2

How to find unregulated monopolist does not price discriminate , what would be the price and quantity?

image text in transcribed

Micro Unit 4 4.3- Price Discrimination part 2 - Graph Practice. Use the graph 8 S80 below to answer the following questions 5. If this unregulated monopolist does not price discriminate, what would be the price and quantity? 6. How much profit would this monopoly earn at the profit maximizing quantity? 7. Assume instead that this monopoly finds a way to perfectly price discriminate. What quantity would be produced? 8. What price would the monopolist charge if it can price discriminate? Explain 9. How much profit would this monopoly earn if it price discriminates? S70 $60 $50 $40 $30 S20 SIO 01 234567891011 12131415 Quantity (Tons) 10. Explain why consumer surplus disappears when this monopoly price discriminates? 11 . Explain why deadweight loss disappears when this monopoly price discriminates? part 3 Stretch Your Thinking 12. In most cases, price discrimination is legal as long as it is not done on the basis of race, religion, nationality, or gender. Do you think charging different prices for the same product is unethical? Explain your reasoning.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Law

Authors: Henry Cheeseman

8th Edition

0133130649, 9780133130645

More Books

Students also viewed these Economics questions