If a Monopoly Is Able to Perfectly Price Discriminate,then Consumer

question 165

Multiple Choice

If a monopoly is able to perfectly price discriminate,then consumer surplus is

• A) equal to zero.
• B) maximized.
• C) unchanged from what it is with a single-price monopoly.
• D) unchanged from what it is in a perfectly competitive industry.
• E) not zero but is less than with a single-price monopoly.

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Definitions:

High-Quantity Goals

Targets that focus on producing a large volume of work or achieving a high number of outcomes within a specified timeframe.

High-Quality Goals

Objectives that are specific, measurable, achievable, relevant, and time-bound, promoting effective planning and accomplishment.

Explicit Rules

Clearly defined codes of conduct, procedures, or guidelines that are formally established and communicated.

Convergent Thinking

A thought process that aims at deriving the best possible answer to a problem from a set of potential solutions, focusing on logical and systematic approaches.