Accessible description: The figure indicates on the y-axis p…
Accessible description: The figure indicates on the y-axis price and cost (dollars per ticket) and 1uantity on the x-axis (tickets per hour). Depicted in the figure is a downward sloping marginal revenue curve, which goes through the points (0, 5), (30, 2) and (50, 0). Also depicted is a downward sloping demand curve, which goes through the points (0, 5), (30, 3.5), (60, 2), and (100,0). Also depicted is the horizontal marginal cost curve, which passes through point (0,2), (30, 2) and (60, 2). f1q32g1.jpg If the monopoly illustrated in the figure above could engage in perfect price discrimination, then the lowest ticket price would be