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wrote...
Posts: 61
2 weeks ago

Question 1.

If a monopolist engages in first-degree price discrimination, it will produce the same output level as a perfectly competitive industry.

• true

• false

Question 2.

Because each customer pays according to her willingness to pay, a consumer maximizes her consumer surplus under first-degree price discrimination.

• true

• false
Source  Download
Microeconomics
Edition: 7th
Authors:
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1 Reply
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Replies
wrote...
2 weeks ago

Answer 1

true

Answer 2

false
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