Which of the Following Is TRUE About a Perfect Price

question 62

Multiple Choice

Which of the following is TRUE about a perfect price discriminating monopolist?

• A) There is inefficiency.
• B) All consumers pay a price equal to marginal cost.
• C) There is no consumer surplus.
• D) There is zero economic profit.

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Definitions:

Functional Analysis

A set of procedures used in FBA to analyze contextual variables, primarily focusing on consequences to reduce students’ problem behaviors. It is also used to describe the second stage of FBA, testing hypotheses.

Functional Assessment

A detailed investigation into the factors contributing to problematic behaviors, leading to targeted interventions for improvement.

Conditioned Stimuli

In classical conditioning, a previously neutral stimulus that, after being paired with an unconditioned stimulus, elicits a conditioned response.

Unconditioned Response

A naturally occurring response to a given stimulus without prior learning or conditioning.