If a Monopolist Is Able to Perfectly Price Discriminate

question 63

Multiple Choice

If a monopolist is able to perfectly price discriminate,

• A)consumer surplus is always increased.
• B)total surplus is always decreased.
• C)consumer surplus and deadweight losses are transformed into monopoly profits.
• D)the price effect dominates the output effect on monopoly revenue.

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Definitions:

Watts

A unit of power in the International System of Units (SI) that measures the rate of energy conversion or transfer with respect to time, equivalent to one joule per second.

Basilar Membrane

A key component of the cochlea in the inner ear, playing a crucial role in the process of hearing by vibrating in response to sound.

Malleus

A small bone in the middle ear, also known as the hammer, which plays a critical role in transmitting sound vibrations to the inner ear.

Incus

A small anvil-shaped bone in the middle ear that transmits sound vibrations from the malleus to the stapes.