A Difference Between a Perfectly Competitive Market Equilibrium and a Perfect

Multiple Choice

A difference between a perfectly competitive market equilibrium and a perfect price discrimination equilibrium is that in a competitive market ________, whereas in perfect price discrimination ________.

A) all units are sold where p = MC; only the last unit sold is at p = MC
B) consumers receive some surplus; producers take all the surplus
C) consumers are better off; income is redistributed away from consumers to producers
D) All of the above.