Which of the Following Is True About a Perfect Price

question 318

Multiple Choice

Which of the following is true about a perfect price discriminating monopolist?

• A) There is inefficiency.
• B) All consumers pay a price equal to marginal cost.
• C) There is no consumer surplus.
• D) There is zero economic profit.

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Definitions:

Inventory Value

The total cost or market value of all the goods and materials held by a company.

Accounts Receivable Balance

The total amount of money owed to a company by its customers for goods or services provided on credit.

Credit Sales

Sales made on credit, allowing the buyer to pay at a later date.

Days' Sales Outstanding

A financial metric that shows the average number of days it takes a company to collect payments after a sale has been made.