The following graph shows a firm's demand curve, marginal revenue curve, marginal cost curve, and average...

 

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The following graph shows a firm's demand curve, marginal revenue curve, marginal cost curve, and average total cost curve. P 20 15 10 MR 60 120 MC=ATC D a. If the firm charges a single price, what will be the firm's output and profit, as well as the con- sumer surplus? b. If the firm engages in first-degree price dis- crimination, what will be the firm's output and profit, as well as the consumer surplus? The following graph shows a firm's demand curve, marginal revenue curve, marginal cost curve, and average total cost curve. P 20 15 10 MR 60 120 MC=ATC D a. If the firm charges a single price, what will be the firm's output and profit, as well as the con- sumer surplus? b. If the firm engages in first-degree price dis- crimination, what will be the firm's output and profit, as well as the consumer surplus?