(1a)Find the total revenue of the monopolist when it sells 6 units of the commodity without practicing any form of price discrimination. What is the value of the consumersâ€ surplus? (12b) What would be the total revenue of the monopolist if it practiced first-degree price discrimination? (12c) What if the monopolist charged P=$5.50 for the first 3 units of the commodity and P=$4 for the next 3 unitsâ€”What type of price discrimination is this?
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