Suppose the graph represent demand and marginal cost for a firm that is able to engage in perfect price discrimination. What is this firm's profit? $ Price and costs $50 45 40 35 30 25 20 15 10 5 D MC = ATC T 0 10 20 30 40 50 60 70 80 90 100 Downloads per hour

what is monopolistic competition? (50 WORDS)

Questión 7 óf 18 Suppose that the corresponding graph relates to a firm that is able to engage in perfect price discrimination. What is this firm's profit? Price/Cost $50 45 40 profit = $ 35 30 25 Marginal cost = Average total cost 15 10 5 Demand 10 20 30 40 50 60 80 90 100 Quantity 70 20

The graph below shows cost and revenue curves for a monopolistic competitor producing different amounts of chairs. On the graph, suppose that: A = $55, B = $21, C = $15, E = $7, F = 13, and G = 31 Price BL BCE CP MC ATC EH MR F G Quantity Calculate the maximum profit the firm can earn

Please read the following article from The Atlantic on the proliferation of price discrimination for online shopping https://goo.gl/EGFynW  A.) The article notes that we are moving toward a situation in which perfect price discrimination is no longer “only a classroom thought experiment.” Suppose perfect price discrimination were to become a reality. What would this imply as far as consumer surplus, producer surplus, and market surplus in the market for online retail?  B.) The article references a study showing that by using big data online firms are able to boost profits. When firms engage in price discrimination and experience an increase in profits, does this imply that consumers are made worse off as a result? Explain.  C.) Do you agree with the author’s belief that the proliferation of price discrimination “makes suckers of us all”? Explain. D.) Do you consider the increased price discrimination in recent years as a net positive or a net negative to society? Explain

Tara loves to go through the Saturday paper and cut out supermarket coupons. How do you think Tara's coupon-clipping habits apply to the concept of price discrimination?

Name three places you frequent that use price discrimination and explain the discrimination used.

1. Two companies, Klaren Electronics, a monopoly, and the Yarn Barn, a perfectly competitive firm, are interested in increasing their profits by using price discrimination. What is price discrimination? Will it help each company to accomplish their goal? Why or why not?

What’s the total profit in the market when the firm price discriminates between the two groups? How does this compare to when they just charge one price?

Suppose the graph represent demand and marginal cost for a firm that is able to engage in perfect price discrimination. What is this firm's profit? 750 SA $ Price and costs $50 45 40 35 30 25 20 15 10 5 0 D MC = ATC 10 20 30 40 50 60 70 80 90 100 Downloads per hour