Table: PPD Monopolist 2 $$\begin{array} { c c c }
\hline \boldsymbol { P } ( \mathbf { S } ) & \boldsymbol { Q } _ { \mathrm { d } } ( \mathbf { U n i t s } ) & \boldsymbol { M C } = \boldsymbol { A C } \boldsymbol { ( \$ ) } \
\hline 9 & 1 & 3 \
7 & 2 & 3 \
5 & 3 & 3 \
3 & 4 & 3 \
\hline
\end{array}$$
Refer to the table that shows demand and cost data for a monopolist to answer the following questions. Assume the monopolist is able to practice perfect price discrimination.
a.
What quantity does the monopolist produce?
b.
What is the dollar amount of consumer surplus in the market?
c.
How does this compare with the case of a firm in a competitive industry?

Question

Table: PPD Monopolist 2 $$\begin{array} { c c c } 
\hline \boldsymbol { P } ( \mathbf { S } ) & \boldsymbol { Q } _ { \mathrm { d } } ( \mathbf { U n i t s } ) & \boldsymbol { M C } = \boldsymbol { A C } \boldsymbol { ( \$ ) } \
\hline 9 & 1 & 3 \
7 & 2 & 3 \
5 & 3 & 3 \
3 & 4 & 3 \
\hline
\end{array}$$ 
Refer to the table that shows demand and cost data for a monopolist to answer the following questions. Assume the monopolist is able to practice perfect price discrimination.
a.
What quantity does the monopolist produce?
b.
What is the dollar amount of consumer surplus in the market?
c.
How does this compare with the case of a firm in a competitive industry?

Quizplus · Accepted Answer

The Answer of Table: PPD Monopolist 2 $$\begin{array} { c c c } 
\hline \boldsymbol { P } ( \mathbf { S } ) & \boldsymbol { Q } _ { \mathrm { d } } ( \mathbf { U n i t s } ) & \boldsymbol { M C } = \boldsymbol { A C } \boldsymbol { ( \$ ) } \
\hline 9 & 1 & 3 \
7 & 2 & 3 \
5 & 3 & 3 \
3 & 4 & 3 \
\hline
\end{array}$$ 
Refer to the table that shows demand and cost data for a monopolist to answer the following questions. Assume the monopolist is able to practice perfect price discrimination.
a.
What quantity does the monopolist produce?
b.
What is the dollar amount of consumer surplus in the market?
c.
How does this compare with the case of a firm in a competitive industry?

Table: PPD Monopolist 2 Refer to the Table That Shows Demand and Cost Data