sAssume that a monopolist is able to engage in perfect price discrimination and sell each unit ofthe product at a price equal to the maximum price the buyer of that unit of the product would bewilling to pay. Complete the table below by computing total revenue and marginal revenue for theprice discriminating monopolist.Quantity Price Total revenue Marginal revenue Total Cost Marginal cost0$34$132302826242220181614234SSN5678910$$2036465054566480100128160$(a) What is the marginal revenue that the discriminating monopost obtains from the sale of eachadditional unit?(b) How many units would be produced and what would be the total revenue for the perfectlydiscriminating monopolist? What would economic profits be?(c) Compare the economic effects of price discrimination to no price discrimination for the puremonopolist in terms of profits and the level of output.

A price-discriminating monopolist is a single seller that charges different prices for the same…

age the product at a price equal to the maximum price the buyer of that unit of the product would be willing to pay. Complete the table below by computing total revenue and marginal revenue for the price discriminating monopolist. Quantity Price Total revenue Marginal revenue Total Cost Marginal cost 0 $34 $ 1 32 30 28 26 24 22 20 2345 6 7 $ LA $20 36 46 50 54 56 64 80 555 ta