If a Monopolist Practices Perfect Price Discrimination

question 75

Multiple Choice

If a monopolist practices perfect price discrimination,

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

Size of Community

Refers to the physical dimensions or population numbers characterizing a community, which can influence its social dynamics, resources, and cohesion.

Relative Poverty

A condition where individuals lack the minimum amount of income needed to maintain the average standard of living in the society in which they live.

Absolute Poverty

A state marked by an extreme lack of fundamental necessities such as nutritious food, clean drinking water, hygiene amenities, healthcare, housing, schooling, and access to information.

Absolute Poverty

A condition characterized by the severe deprivation of basic human needs, including food, safe drinking water, sanitation facilities, health, shelter, education, and information.