True/False
If a monopolist were allowed (and able) to first degree price discrimination, there would be no efficiency/equity tradeoff so long as the government can tax the profits of the firm and redistribute the tax revenues in a lump sum way.
Correct Answer:
Verified
Correct Answer:
Verified
Q7: Suppose a monopolist faces a constant elasticity
Q8: Suppose a single firm has constant marginal
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Q10: Since revenue increases with increases in price
Q11: The more consumer surplus is generated in
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