If a monopolist practices perfect price discrimination
A) consumers surplus will be equal to the deadweight loss.
B) consumer surplus will be zero.
C) the firm will break even in the long run.
D) producer surplus will equal consumer surplus.
B
You might also like to view...
Mamihlapinatapai is a one-word summary of the volunteer's dilemma from
A) Buddhist monks in Thailand. B) ancient Hawaii. C) the Maasai tribe of Tanzania. D) the Yaghan Indians.
If the measured elasticity of supply coefficient equals 1.3, then supply is: a. perfectly elastic. b. elastic
c. unit elastic. d. inelastic.
The Taylor Rule is an example of
A) discretionary monetary policy. B) rule-based monetary policy. C) a monetary policy measure that always sets the money supply growth rate at 3 percent. D) contractionary monetary policy. E) none of the above
A normal profit is:
A. the average profitability of a firm over one complete business cycle. B. calculated by subtracting explicit costs from total revenue. C. the "price" required to retain entrepreneurial talent in some particular line of production. D. the amount by which total revenue exceeds total operating costs.