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these ones too please Question 2 The following Table 1 refers to ve possible buyers' Willingness to pay for good Z. Table 1 (a) Let

these ones too please

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Question 2 The following Table 1 refers to ve possible buyers' Willingness to pay for good Z. Table 1 (a) Let the market price under perfect competition is $3 .00, calculate the total consumer surplus in the market. (b) Assuming that the seller of good 2 is a monopolist, and he knows each person's willingness to pay. Further a seller incurs marginal cost, that is, 3 (S) per unit which remains constant. If each person has a unit demand and a monopolist decides to discriminate the price (in particular, the first-degree price discrimination) what will be the consumer and producer surpluses? (c) Comparing your answers from (a) and (b), discuss the implications of having market power

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