Compared to the Monopoly Outcome with a Single Price, Imperfect

question 589

Multiple Choice

Compared to the monopoly outcome with a single price, imperfect price discrimination (i)
Sometimes raises total surplus.
(ii)
Sometimes lowers total surplus.
(iii)
Always leads to a lower quantity of output.

• A)(i) and (ii) only
• B)(ii) and (iii) only
• C)(i) and (iii) only
• D)(i), (ii), and (iii)

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