Which of the Following Statements Regarding a Monopoly's First-Degree Price

question 13

Multiple Choice

Which of the following statements regarding a monopoly's first-degree price discrimination is correct?

• A)With first-degree price discrimination, consumer surplus is small, yet still greater than zero.
• B)With first-degree price discrimination, producer surplus is lower than with uniform pricing.
• C)With first-degree price discrimination, deadweight loss is large.
• D)With first-degree price discrimination, total surplus is greater than when the monopoly charges a uniform price.