Business, 19.08.2019 23:10, lsutton6501
If a monopoly charges higher prices to consumers who buy smaller quantities than to consumers who buy larger quantities, then
a. the monopoly's profits are larger than under perfect price discrimination.
b. the monopoly's profits are larger than under single-price monopoly.
c. consumer surplus is larger than under single-price monopoly.
d. social welfare is larger than under perfect competition.
Answers: 3
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