(Figure: Producer Surplus III) Which of the Following Statements Is

question 6

Multiple Choice

(Figure: Producer Surplus III) Which of the following statements is (are) TRUE? I. Producer surplus under perfect price discrimination is $75.
II) Producer surplus under a single-price monopoly is $45.
III) The price of the first block is $28, and the price of the second block is $20. Producer surplus under block pricing is $75.

• A) I, II, and III
• B) I and II
• C) II and III
• D) II

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Definitions:

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often driven by international trade and investment and aided by information technology.

Organization

An arranged group of people with a particular purpose, such as a business, government department, or charity.

Organization's Environment

Refers to both the internal and external factors that affect how an organization operates and its ability to achieve its goals.

Complexity

A characteristic of systems or problems that exhibit multiple interrelated components and variables, which can lead to unpredictable outcomes and difficulties in understanding or solving.