If a Monopolist Is Able to Perfectly Price Discriminate

question 63

Multiple Choice

If a monopolist is able to perfectly price discriminate,

• A)consumer surplus is always increased.
• B)total surplus is always decreased.
• C)consumer surplus and deadweight losses are transformed into monopoly profits.
• D)the price effect dominates the output effect on monopoly revenue.

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Definitions:

Second Law

This term is incomplete without a context but could refer to the Second Law of Thermodynamics, which states that the total entropy of an isolated system can never decrease over time.

Thermodynamics

The branch of physics that deals with the relationships and conversions between heat and other forms of energy.

Second Law

An ambiguous term that may refer to the second law of thermodynamics, which states that the entropy of an isolated system not in equilibrium almost always increases.

Thermodynamics

The branch of physics that deals with the relationships between heat and other forms of energy, and how they affect matter.