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If a Monopoly Charges Higher Prices to Consumers Who Buy

Question 24

Multiple Choice

If a monopoly charges higher prices to consumers who buy smaller quantities than to consumers who buy larger quantities,then


A) consumer surplus is larger than under single-price monopoly.
B) social welfare is larger than under perfect competition.
C) the monopoly's profits are larger than under single-price monopoly.
D) the monopoly's profits are larger than under perfect price discrimination.

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