Relative to a single price monopolist, a price discriminating monopolist generates:
A. less total surplus.
B. more total surplus.
C. the same amount of total surplus, but less consumer surplus and more producer surplus.
D. the same amount of total surplus, but more consumer surplus and less producer surplus.
Answer: B
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What will be an ideal response?
To an economist, it is preferable to
A) assume that all criminals are rational. B) assume that all criminals are irrational. C) build a theory based on a rational criminal and then check the evidence. D) a or b
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