If a Monopolist Practices Perfect Price Discrimination

question 75

Multiple Choice

If a monopolist practices perfect price discrimination,

• A)the firm will break even in the long run.
• B)consumers surplus will be equal to the deadweight loss.
• C)producer surplus will equal consumer surplus.
• D)consumer surplus will be zero.

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Definitions:

Social Harmony

The state of peaceful coexistence and cooperation among individuals in a community, contributing to overall societal stability.

Planning

The process of defining goals, establishing strategies to achieve those goals, and developing plans to integrate and coordinate activities.

Efficiency

The capacity to achieve a desired result with minimal waste of time, effort, or resources.

Human Relations Approach

A management theory focusing on the importance of social relationships, employee well-being, and motivation in the workplace.