Suppose that the market demand for pumpkins is: P = 80 -.75Q, Q is the market quantity produced. In addition, suppose that there are two firms, A and B, both who are selling pumpkins, and that both of these firms have a constant marginal and average total cost of $5. Fill in the table below for each market structure using the demand and cost functions above.

	Perfect Competition	Monopoly	Oligopoly (Counot)	Oligopoly (Bertrand)	Oligopoly (Stackelberg)
Quantity (firm A)
Quantity (firm B)
Industry Quantity
Price (P)
Profit (firm A)
Profit (firm B)

Industry profit =

Now consider how would the answers above change if the firms merged and became a monopolist who could practice 1st degree price discrimination?