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If a monopolist is practising perfect price discrimination, we know that

shbensonjr

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If a monopolist is practising perfect price discrimination, we know that

If a monopolist is practising perfect price discrimination, we know that

▸ the firm is facing a perfectly elastic demand curve.

▸ marginal cost is rising as output rises.

▸ the firm is selling each unit at a different price and capturing all consumer surplus.

▸ the firm is producing a lower output than it would if it were a single-price monopolist.

▸ the firm is facing a perfectly inelastic demand curve.

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Microeconomics

Edition: 17^th

Author: Ragan

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