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26 May 2018
A6. If a monopolist is practising perfect price discrimination, we know that (A) (B) (C) (D) (E) the firm is facing a perfectly inelastic demand curve. the firm is selling each unit at a different price and capturing all consumer surplus. the firm is facing a perfectly elastic demand curve. marginal cost is rising as output rises. the firm is producing a lower output than it would if it were a single-price monopolist.
A6. If a monopolist is practising perfect price discrimination, we know that (A) (B) (C) (D) (E) the firm is facing a perfectly inelastic demand curve. the firm is selling each unit at a different price and capturing all consumer surplus. the firm is facing a perfectly elastic demand curve. marginal cost is rising as output rises. the firm is producing a lower output than it would if it were a single-price monopolist.
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Reid WolffLv2
29 May 2018