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whatsupgirl16 whatsupgirl16
wrote...
Posts: 425
5 years 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
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
Read 72 times
1 Reply

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Replies
wrote...
5 years ago

Answer 1

true

Answer 2

false
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