Which of the following statements regarding perfect price discrimination is false?
A. Perfect price discrimination yields the same market price and output result as perfect competition.
B. Perfect price discrimination is charging different prices to different buyers.
C. Perfect price discrimination is an attempt by monopolists to capture consumer surplus as profit.
D. Perfect price discrimination can eliminate the deadweight loss to society of a monopoly.
Answer: A
You might also like to view...
Which of the following are policy instruments available to the Fed as it tries to achieve its macroeconomic goals?
i. government expenditure on goods and services and taxes ii. the government budget deficit or surplus iii. changes in the federal funds rate A) iii only B) ii and iii C) ii only D) i and ii E) i and iii
There is a positive relationship between the demand for loanable funds and the real interest rate
Indicate whether the statement is true or false
A firm's economic profit is the difference between the accounting profit and total fixed costs of the firm
a. True b. False Indicate whether the statement is true or false
It is in the self-interest of individuals to
A. eliminate the total bargaining costs in any relationship. B. minimize the total contracting costs in any relationship. C. maximize the total contracting costs in any relationship. D. reduce value through formal contracting costs.