Multiple Choice
Which of the following statements about perfect price discrimination is FALSE?
A) Perfect price discrimination will lessen losses or raise profit for the monopolist.
B) Buyers pay their reservation price for the good.
C) Total economic surplus is maximized.
D) Practicing perfect price discrimination means the monopolist is setting marginal revenue equal to marginal cost.
E) Consumer surplus is zero.
Correct Answer:
Verified
Correct Answer:
Verified
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