If a Monopolist Practices Perfect Price Discrimination

question 77

Multiple Choice

If a monopolist practices perfect price discrimination,

• A)the firm will break even in the long run.
• B)consumer 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:

Residential Tenancy

A legal agreement between a landlord and tenant for the rental of a living space, such as a house or apartment.

Absolute Right

A legal right that is complete and not contingent upon external conditions or restrictions.

Sublet

The act of leasing out a rented property by the original tenant to a third party.

Liable

Legally responsible or obligated to make amends for actions, damages, or debts.