What are the profits of the firm if it is a monopolist but cannot engage in price discrimination?

For Questions 10 through 12 conside Show more Please write down how you got the answer to help me understand. For Questions 10 through 12 consider a market with one firm that has a constant marginal cost of $16 and faces consumers that are willing to pay the following amounts for 1 unit (each) of the product of the firm: Consumer Price that last consumer would be willing to pay 1 $24 2 $20 3 $18.50 4 $16 5 $14 6 $12 7 $10 8 $4 10. What price would the firm charge if it were a monopolist but could not engage in price discrimination? a) $24 b) $20 c) $18.50 d) $16 11. What are the profits of the firm if it is a monopolist but cannot engage in price discrimination? a) Zero b) $4 c) $8 d) $14.50 12. What are the profits of the monopolist if it engages in perfect price discrimination? a) Zero b) $4 c) $8 d) $14.50 Show less

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