If a Market Is Controlled by a Perfect-Price-Discriminating Monopoly,then

question 86

Multiple Choice

If a market is controlled by a perfect-price-discriminating monopoly,then

• A) a deadweight loss is generated.
• B) there is no consumer surplus.
• C) consumer surplus is the same as under perfect competition.
• D) output is less than that of a single-price monopoly.

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Definitions:

Ethical Consumerism

The practice of purchasing products and services produced in a way that minimises social and/or environmental damage, while avoiding products and services deemed to have a negative impact on society or the environment.

Social Damage

The negative impact on society or specific communities resulting from actions or policies, which can include economic disparities, environmental degradation, or social injustices.

Environmental Damage

The detrimental impact human activities have on the natural world, including air and water pollution, deforestation, and climate change.

Shared Value

The policies and operating practices that enhance the competitiveness of a company while simultaneously advancing the economic and social conditions in the communities in which it operates.