Home / Expert Answers / Economics / 1-figure-profit-maximizing-quantity-and-price-v-the-levels-of-consumer-surplus-under-monopoly-a-pa245

(Solved): 1 (Figure: Profit-maximizing Quantity and Price V) The levels of consumer surplus under monopoly a ...



1
(Figure: Profit-maximizing Quantity and Price V) The levels of consumer surplus under monopoly and perfect competition
and

1 (Figure: Profit-maximizing Quantity and Price V) The levels of consumer surplus under monopoly and perfect competition and ___, respectively. are Price (S) 100 90 50 80 80 70 70 60 50 40 30 20 10 10 O$400; $1,600 0 O $800; $3,200 O $200; $400 O $600; $2,400 Price (S) 100 90 80 70 co 60 50 40 30 20 10 0 10 $1,600; $800 $4,800; $3,200 20 2. (Figure: Producer Surplus I) Producer surplus using perfect price discrimination is competition and greater than under monopoly. O $800; $400 O $3,200; $1,600 MR 20 MR 30 40 30 40 D MC D 50 Quantity 50 -MC 60 Quantity greater than under perfect


We have an Answer from Expert

View Expert Answer

Expert Answer


1. $400; $1,600 2. $1,600; $800 Explanation: 1. Producer excess in perfect price discriminations circumstance PS= 1/2 x ( 100 -20) x 5 =$400 When MC remains unchanged, the optimal competitive environment will result in zero producer surplus. Since P=
We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe