Which of the Following Statements Is True

question 99

Multiple Choice

Which of the following statements is true?

• A)Consumer surplus under perfect price discrimination is greater than under single-price monopoly pricing.
• B)Consumer surplus under an optimal two-part tariff is greater than that under single-price monopoly pricing.
• C)Although consumers reap some consumer surplus under a single-price monopoly, society is better off with optimal two-part tariff pricing.
• D)Of the three pricing schedules, single-price monopoly, an optimal two-part tariff, and perfect price discrimination, profit is highest under single-price monopoly pricing.

Understanding the political strategies and policies of Richard Nixon's presidency, including New Federalism.

Comprehending the implications and aftermath of the Watergate scandal on public trust and political dynamics.

Recognizing the efforts and policies directed towards minority business support during the 1970s.

Identifying historical first occurrences in U.S. presidencies, including non-electoral ascensions to presidency and post-presidency consequences.

---

Definitions:

Abnormalities

Divergence from the normal or usual structure, function, or behavior.

Intellectual Development

A process referring to the growth and changes in a person’s ability to think, reason, and understand the world around them.

Methadone

A laboratory-made opioid-like drug.

Opioid Drugs

A category of drugs derived from the opium poppy or synthetically produced, used for pain relief but with a high potential for addiction.