Compared to the Monopoly Outcome with a Single Price, Imperfect

question 195

Multiple Choice

Compared to the monopoly outcome with a single price, imperfect price discrimination (i) sometimes raises total surplus.
(ii) sometimes lowers total surplus.
(iii) always leads to a lower quantity of output.

• A) (i) and (ii) only
• B) (ii) and (iii) only
• C) (i) and (iii) only
• D) (iii) only

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Definitions:

Id

In psychoanalytic theory, the part of the mind in which innate instinctive impulses and primary processes are manifest.

Id

In psychoanalytic theory, the part of the personality that contains our primal, instinctual drives and operates on the pleasure principle.

Ego

In psychoanalytic theory, the part of the personality that mediates between the demands of the id, superego, and reality.

Libido

A term used in psychoanalytic theory to denote the sexual drive or desire.