Question: Hey I need help on this question 3. Consider the two graphs below that show the demand and cost curves of a monopoly. In graph

Hey I need help on this question

3. Consider the two graphs below that show the demand and cost curves of a monopoly. In graph on the left show the output and profit of the firm if it engages in second degree price discrimination (block pricing). In graph on the right show the same provided that the firm engages in first degree (or perfect) price discrimination. Also, explain what the difference is between the two price discriminations. 8 pts

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