Suppose a single-price monopolist decides to switch to second degree price discrimination. It sells the first block of 20 units at a price of $80 per unit. It sells the next block of 10 units at a price of $70 per unit. 100 90 80 MC 70 60 50 40 30 20 10 20 30 50 100 MR Consumer surplus under a single-price monopolist is equal to $ a shift to second degree price discrimination is equal to $ and consumer surplus under P.

Suppose a single-price monopolist decides to switch to second degree price discrimination. It sells the first block of 20 units at a price of $80 per unit. It sells the next block of 10 units at a price of $70 per unit. 100 90 80 MC 70 60 50 40 30 20 10 20 30 50 100 MR Consumer surplus under a single-price monopolist is equal to $ a shift to second degree price discrimination is equal to $ and consumer surplus under P.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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