A Monopolist Who Has a Horizontal ATC Schedule and Charges

question 363

Multiple Choice

A monopolist who has a horizontal ATC schedule and charges the same monopoly price to all buyers

• A) appropriates more consumer surplus as profit than a perfect price discriminator does.
• B) appropriates less consumer surplus as profit than a perfect price discriminator does.
• C) appropriates less consumer surplus as profit than a perfectly competitive firm does.
• D) does not lower the amount of consumer surplus that buyers have compared with what they would have if instead they faced a perfectly competitive firm.

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