Part I.

Show the points of the profit maximization outputs under these three different market structures on the above three figures. Compare these output levels Qc, and Qm.

Show the points of the prices under these three different market structures on the above three figures. Compare these price levels Pc, and Pm.

Compare the consumer surpluses under these three market structures by using notations CSc, and CSm.

Compare the producer surpluses under these three market structures by using notations PSc, and PSm.

Compare the total surpluses under these three market structures by using notations TSc, and TSm. Which market structures can yield economic efficiency?

2. Show the points of the prices under these three different market structures on the above three figures. Compare these price levels Pc, andPm. rinciples of Microeconomics Yiqing Xie 3. Compare the consumer surpluses under these three market structures by using notations CSc, and CSm.Summary for perfect competition and single price monopoly: (c stands for perfect competition, and m stands for single price monopoly.) Perfect competition Single price monopoly Cost/Revenu e Cost/Revenue S MC .1 MR 341? 1. Show the points of the prot maximization outputs under these three different market structures on the above three gures. Compare these output levels Qc, and Qm