Question: a) Draw a correctly labeled graph for a single-price monopoly and show the profit-maximizing quantity, labeledQ1 (b) Assume the monopoly now engages in perfect price

a) Draw a correctly labeled graph for a single-price monopoly and show the profit-maximizing quantity, labeledQ1

(b) Assume the monopoly now engages in perfect price discrimination. On your graph in part (a), show the profit-maximizing quantity for the price-discriminating monopoly, labeledQ2

(d) Is the output produced by the perfectly price-discriminating monopolist allocatively efficient? Explain.

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