In recent years, some online firms have offered different consumers different prices for the same good. These firms use the consumer's IP address to find what city they are in and then charge a higher price to people in wealthier cities. This type of pricing behavior is (O A. second-degree price discrimination. () B. first-degree price discrimination. C. location discrimination. D. third-degree price discrimination. Consider the standard monopoly graph on the right that illustrates a monopoly's demand, marginal revenue, and marginal cost curves. If this monopoly is able to engage in perfect price discrimination, what area would be considered producer surplus? Using the triangle drawing tool, illustrate the area that would represent producer surplus if this monopoly was able to engage in perfect price discrimination. Label your area 'PS.' Carefully follow the instructions above and only draw the required object. Compared to a monopoly that does not price discriminate, a monopolist who engages in perfect Price 504 50 100 150 200 250 300 350 400 450 500 Quantity price discrimination will produce output and have V| deadweight loss. less Selected: I X none more the same /O Q In recent years, some online firms have offered different consumers different prices for the same good. These firms use the consumer's IP address to find what city they are in and then charge a higher price to people in wealthier cities. This type of pricing behavior is second-degree price discrimination. first-degree price discrimination. location discrimination. S 0o w > third-degree price discrimination. Consider the standard monopoly graph on the right that illustrates a monopoly's demand, @ marginal revenue, and marginal cost curves. If this monopoly is able to engage in perfect price discrimination, what area would be considered producer surplus? Using the triangle drawing ftool, illustrate the area that would represent producer surplus if this monopoly was able to engage in perfect price discrimination. Label your area 'PS.' Carefully follow the instructions above and only draw the required object. Compared to a monopoly that does not price discriminate, a monopolist who engages in perfect Price 50 40 30 20 10 MR D T T 0 50 100 150 200 250 300 350 400 450 500 Quantity price discrimination will produce I:l output and have deadweight loss. Sel no [ R D nor the same more