In first-degree price discrimination, the monopolist
A. can segment the market to the fullest extent.
B. knows the equilibrium price.
C. charges only two different prices.
D. gets less of the consumer surplus than would be taken if 2nd degree price discrimination was practiced.
Answer: A
You might also like to view...
Are your total and marginal utility of ice cream schedules determined by the price of ice cream?
What will be an ideal response?
Total costs equal
a. Fixed costs b. Variable costs c. Sunk costs d. Fixed plus variable costs
Compared to the rest of the industrial world, the United States' tax revenues
a. as a percent of GDP is the lowest b. as a percent of GDP ranks among the highest c. as a percent of GDP ranks among the lowest d. as a percent of GDP is the highest e. is the lowest
A newspaper headline reads: "Fed Cuts Federal Funds Rate for Fifth Time This Year." This headline indicates that the Federal Reserve is most likely trying to:
A. Reduce inflation in the economy B. Raise interest rates C. Ease monetary policy D. Tighten monetary policy