How do I determine problems E and F?

Mailings Review View Help -files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View, Enable Editing Homework 2 (Chapter 23) 1. The perfectly competetive firm exhibits resource allocation efficiency (P = MC), but the single- 2. price monopolist does not. What is the ereason for this difference? Rent seeking is individually rational but socially wasteful - explain. 3. Make a list of real-world price discrimination practices. Do they meet the conditions posited for price discrimination? The following table summarizes the situation confronting a monopolist: Quantity Total Marginal Total Price Marginal Average Total Demanded Revenue Revenue Cost Cos Cost $ 20 0 6 $ 18 12 $ 16 2 20 $ 14 3 30 $ 12 4 42 $ 10 56 $ 8 72 a At what rate of output is total revenue maximized in this range? b. What are the values of marginal revenue and marginal cost at the revenue-maximizing rate of output? d At what rate of output are profits maximized within this range? What are the values of marginal revenue and marginal cost at the profit-maximizing rate of output? e. What are total profits at that output rate? If a competitive industry confronted the same costs, how much output would it produce in the short run? Focus O e 53 Ai W