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shbensonjr shbensonjr
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A year ago
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.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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JehanzaibJehanzaib
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A year ago
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