MindTap - Cengage Learning X + X C 2 ng.cengage.com/staticb/ui/evo/index.html?eISBN=9780357133606&id=1834966949&snapshotld=3545333& ABP Marvin CENGAGE | MINDTAP Q Search this course ? My Home Homework (Ch 15) X 7. Price discrimination and welfare Courses Suppose Clomper's is a monopolist that manufactures and sells Stompers, an extremely trendy shoe brand with no close substitutes. The following Catalog and Study Tools graph shows the market demand and marginal revenue (MR) curves Clomper's faces, as well as its marginal cost (MC), which is constant at $40 per Rental Options pair of Stompers. For simplicity, assume that fixed costs are equal to zero; this, combined with the fact that Clomper's marginal cost is constant, A-Z means that its marginal cost curve is also equal to the average total cost (ATC) curve. College Success Tips First, suppose that Clomper's cannot price discriminate. That is, it must charge each consumer the same price for Stompers regardless of the Career Success Tips consumer's willingness and ability to pay. ? Help On the following graph, use the black point (plus symbol) to indicate the profit-maximizing price and quantity. Next, use the purple points (diamond Give Feedback symbol) to shade the profit, the green points (triangle symbol) to shade the consumer surplus, and the black points (plus symbol) to shade the deadweight loss in this market without price discrimination. (Note: If you decide that consumer surplus, profit, or deadweight loss equals zero, bongo indicate this by leaving that element in its original position on the palette.) 100 -+ 90 A+ 80 Monopoly Outcome A Consumer Surplus O Dollars per pair of Stompers) MC = ATC 40 Profit Type here to search P N 54 OF 2 0 7() 5:01 PM 994 12/17/2023MindTap - Cengage Learning X + X C 2 ng.cengage.com/staticb/ui/evo/index.html?eISBN=9780357133606&id=1834966949&snapshotld=3545333& ABP Marvin K