Market Demand is given in the table below. The only producer in the market is a monopolist. They have a constant Marginal Cost of $25. Assume no externalities and only integer units. What is the change in TOTAL Surplus if the monopolist goes from charging the same price for every unit (i.e. single-price) to doing perfect price discrimination. Enter a number only, no $ sign. Include a negative sign if Total Surplus under the single-price setting is higher. MWTP $64 $48 $32 2 3 4 $21 15 13 1.
Market Demand is given in the table below. The only producer in the market is a monopolist. They have a constant Marginal Cost of $25. Assume no externalities and only integer units. What is the change in TOTAL Surplus if the monopolist goes from charging the same price for every unit (i.e. single-price) to doing perfect price discrimination. Enter a number only, no $ sign. Include a negative sign if Total Surplus under the single-price setting is higher. MWTP $64 $48 $32 2 3 4 $21 15 13 1.
Chapter8: Monopoly
Section: Chapter Questions
Problem 7SQP
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Transcribed Image Text:Market Demand is given in the table below. The only producer in the market is a monopolist. They
have a constant Marginal Cost of $25. Assume no externalities and only integer units. What is the
change in TOTAL Surplus if the monopolist goes from charging the same price for every unit (i.e.
single-price) to doing perfect price discrimination. Enter a number only, no $ sign. Include a
negative sign if Total Surplus under the single-price setting is higher.
MWTP
$64
$48
$32
4
$21
13
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