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) deadweight loss varies depending on the shape of the MC curve; deadweight loss increases
C) consumers are better off; producers lose some sales due to high prices.
D) All of the above.