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Question Completion Status: Below is the demand curve faced by a monopolistic firm and its marginal revenue. Price 500 400 300 200 $100 MC D

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Question Completion Status: Below is the demand curve faced by a monopolistic firm and its marginal revenue. Price 500 400 300 200 $100 MC D MR 50 100 150 200 Quantity of customers (1) If the firm can only charge one uniform price to all customers, the firm's profit (producer surplus) is $[1]. QUESTION 2 (2) Suppose the firm can apply price discrimination and charge two groups of customers different prices. The group with higher willingness to pay has to pay a price of $400, while the group with lower willingness to pay has to pay a price at $200. In this case, the firm's profit (producer surplus) is $[2] QUESTION 3 (3) Suppose the firm applies perfect price discrimination. The firm's profit is then $[3]

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