The more block prices a monopoly can set instead of setting a single price,
A) the smaller the deadweight loss.
B) the more producer surplus.
C) the larger the total welfare.
D) All of the above.
D
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The short run supply curve for a perfect competitive firm is
a. Marginal cost curve b. Average revenue curve c. Marginal revenue curve d. Marginal cost curve above its average variable cost curve
More water pollution in the United States comes from __________ than any other source
a. factories b. sulfur dioxide (i.e., acid rain) c. cars d. chemicals (used in pesticides and fertilizers) and sewage e. garbage
In perfect price discrimination, consumer surplus is zero because each consumer pays: a. the market price
b. the cost price. c. peak load price. d. the reservation price
In a labor market with one employer, the MLC is
a. above the supply curve of labor b. above the demand curve for labor c. what determines the wage rate d. downward sloping e. horizontal