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J 8 0 https:/g.cengage.com/staticb/ui/evo/index.html?deploymentld=5981412232614779684085777463&LeISBN=9780357133576&id=15562171 ims.au.af.edu Troy Canvas Drown Summary & A.. Factor a polynomial or... @gcf a^4b45, a47645 -... @ Home Page | Move.mil Cengage Learning CENGAGE | MINDTAP Homework(Ch 15) Now, suppose that Barefeet can practice perfect price discrimination-that is, it knows each consumer's willingness to pay for each pair of Ooh boots and is able to charge each consumer that amount. On the following graph, use the black point (plus symbol) to indicate the profit-maximizing quantity sold and the lowest price at which the firm sells its boots. Next, use the purple points (diamond 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 with perfect price discrimination. (Note: If you decide that consumer surplus, profit, or deadweight loss equals zero, indicate this by leaving that element in its original position on the palette.) 100 Monopoly Outcome Profit A PRICE (Dollars per pair of Ooh boots) Consumer Surplus MC = ATC Deadweight Loss Demand o 100 200 300 400 500 600 700 800 900 1000 QUANTITY (Pairs of Ooh boots) Consider the welfare effects when the industry operates under a monopoly and cannot price discriminate versus when it can price discriminate