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The Following Figure Shows the Costs and Revenue Curves of a Firm

Question 166

Multiple Choice

The following figure shows the costs and revenue curves of a firm in a monopoly market.
The following figure shows the costs and revenue curves of a firm in a monopoly market.    -Refer to the figure above.If this monopolist engages in the first-degree price discrimination,the consumer surplus in this market is equal to ________. A)  the area below the D curve, and above the P₂ level B)  the area below the D curve, and above the P₃ level C)  the area below the D curve, and above the P₄ level D)  zero
-Refer to the figure above.If this monopolist engages in the first-degree price discrimination,the consumer surplus in this market is equal to ________.


A) the area below the D curve, and above the P₂ level
B) the area below the D curve, and above the P₃ level
C) the area below the D curve, and above the P₄ level
D) zero

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