price discrimination and elimination. this problem has a few steps but is one problem.
Wake Tech Services Din Bb Take Test: 4 of 6: P&P A Bb Lesson Eleven 3/23 to : MindTap - Cengage X C 4. Profit Maximization / C Get Homework Help W + V X O A https:/g.cengage.com/staticb/ui/evo/index.html?deploymentld=5673668009251130007362659&elSBN=9781337096577&id=678723400&snapshot [!!] G Amazon.com - Onlint > Priceline.com Sarah v CENGAGE MINDTAP Q Search this course ? MAIN MENU Homework (Ch 15) X Allempts. neep wie mignest. 13 My Home Courses 7. Price discrimination and welfare CENGAGE UNLIMITED Suppose Barefeet is a monopolist that produces and sells Ooh boots, an amazingly trendy brand with no close substitutes. The following graph shows A-Z the market demand and marginal revenue (MR) curves Barefeet faces, as well as its marginal cost (MC), which is constant at $30 per pair of Ooh Browse Catalog boots. For simplicity, assume that fixed costs are equal to zero; this, combined with the fact that Barefeet's marginal cost is constant, means that its A Partner Offers marginal cost curve is also equal to the average total cost (ATC) curve. Print Options First, suppose that Barefeet cannot price discriminate. That is, it must charge each consumer the same price for Ooh boots regardless of the consumer's willingness and ability to pay. College Success Tips Career Success Tips On the following graph, use the black point (plus symbol) to indicate the profit-maximizing price and quantity. 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 Start your FREE trial of deadweight loss in this market without price discrimination. (Note: If you decide that consumer surplus, profit, or deadweight loss equals zero, CENGAGE UNLIMITED indicate this by leaving that element in its original position on the palette.) bongo START TRIAL Learn more 100 ? Help 90 + 1 Give Feedback Monopoly Outcome Type here to search O a 7:45 PM 4/5/2020Wake Tech Services Din Bb Take Test: 4 of 6: P&P A Bb Lesson Eleven 3/23 to : MindTap - Cengage X C 4. Profit Maximization / C Get Homework Help W + V X O A https:/g.cengage.com/staticb/ui/evo/index.html?deploymentld=5673668009251130007362659&elSBN=9781337096577&id=678723400&snapshot [!!] G Amazon.com - Onlint > Priceline.com Sarah v CENGAGE MINDTAP Q Search this course ? MAIN MENU Homework (Ch 15) X My Home ? Courses CENGAGE UNLIMITED A-Z 100 Browse Catalog 90 Monopoly Outcome A Partner Offers 70 A Print Options Consumer Surplus College Success Tips 50 Career Success Tips PRICE (Dollars per pair of Ooh boots) 40 Profit MC = ATC 30 Start your FREE trial of 20 bongo CENGAGE UNLIMITED Deadweight Loss 10 START TRIAL MR Demand Learn more 80 180 240 320 400 480 580 640 720 800 QUANTITY (Pairs of Ooh boots) ? Help 1 Give Feedback O e a [ 7:45 PM Type here to search 4/5/2020Wake Tech Services Din Bb Take Test: 4 of 6: P&P A Bb Lesson Eleven 3/23 to : MindTap - Cengage X C 4. Profit Maximization / C Get Homework Help W + V X O A https:/g.cengage.com/staticb/ui/evo/index.html?deploymentld=5673668009251130007362659&elSBN=9781337096577&id=678723400&snapshot [!!] G Amazon.com - Onlint > Priceline.com Sarah v CENGAGE MINDTAP Q Search this course ? MAIN MENU Homework (Ch 15) X My Home (?) Courses CENGAGE UNLIMITED A-Z 100 Browse Catalog Monopoly Outcome A Partner Offers 70 O Print Options 60 College Success Tips A Career Success Tips PRICE (Dollars per pair of Ooh boots) Profit 50 40 Consumer Surplus MC = ATC 30 Start your FREE trial of CENGAGE UNLIMITED 20 bongo Deadweight Loss START TRIAL 0 Demand Learn more 80 180 240 320 400 580 640 720 800 QUANTITY (Pairs of Ooh boots) ? Help 1 Give Feedback Type here to search O e ad 7:45 PM 4/5/2020Wake Tech Services Din Bb Take Test: 4 of 6: P&P A Bb Lesson Eleven 3/23 to : MindTap - Cengage X C 4. Profit Maximization / C Get Homework Help W + V X O A https:/g.cengage.com/staticb/ui/evo/index.html?deploymentld=5673668009251130007362659&elSBN=9781337096577&id=678723400&snapshot [!!] G Amazon.com - Onlint > Priceline.com Sarah v CENGAGE MINDTAP Q Search this course ? MAIN MENU Homework (Ch 15) X My Home PRICE T 20 Deadweight Loss Courses 10 CENGAGE UNLIMITED 0 Demand 0 80 180 240 320 400 480 560 640 720 800 A-Z QUANTITY (Pairs of Ooh boots) Browse Catalog A Partner Offers Print Options Consider the welfare effects when the industry operates under a monopoly and cannot price discriminate versus when it can price discriminate. College Success Tips Complete the following table by indicating under which market conditions each of the statements is true. (Note: If the statement isn't true for either Career Success Tips single-price monopolies or perfect price discrimination, leave the entire row unchecked. ) Check all that apply. Statement Single-price Monopoly Perfect Price Discrimination Start your FREE trial of Total surplus is maximized. CENGAGE UNLIMITED 0 0 bongo There is deadweight loss associated with the profit-maximizing output. 0 START TRIAL Barefeet produces a quantity more than the efficient quantity of Ooh boots. 0 0 Learn more Grade It Now Save & Continue ? Help Continue without saving 1 Give Feedback Type here to search O Fi e a 7:45 PM 4/5/2020
