When First-Degree Price Discrimination Is Perfectly Implemented

question 42

Multiple Choice

When first-degree price discrimination is perfectly implemented

• A) social gain is maximized,with all gains going to the monopoly.
• B) consumers' surplus and producer's surplus are both larger than in the case of simple monopoly.
• C) the resulting deadweight loss is larger than if the monopoly did not price discriminate.
• D) the consumers' and producer's gains from trade are identical to those in a competitive market.

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