If a Monopolist Were Allowed (And Able) to First Degree

question 12

True/False

If a monopolist were allowed (and able) to first degree price discrimination, there would be no efficiency/equity tradeoff so long as the government can tax the profits of the firm and redistribute the tax revenues in a lump sum way.

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Definitions:

Cranial Nerves

Twelve pairs of nerves that originate in the brainstem and control motor and sensory functions of the head and neck.

Lumbar Sections

Refers to the segments of the lower back part of the vertebral column, typically involving the five vertebrae situated between the rib cage and the pelvis.

Sacral Portions

Relating to the sacrum, a triangular bone at the base of the spine composed of five fused vertebrae, part of the pelvis.

Law of Bell and Magendie

A fundamental principle in neuroscience stating that anterior spinal roots contain only motor fibres and posterior roots contain only sensory fibres.