Author Question: If a monopolist engages in first-degree price discrimination, it will produce the same output level ... (Read 92 times)

eruditmonkey@yahoo.com · **on:** Jun 29, 2018

If a monopolist engages in first-degree price discrimination, it will produce the same output level as a perfectly competitive industry.

Indicate whether the statement is true or false

Question 2

U.S. taxpayers spend many hours during the year maintaining records for tax purposes and preparing their income tax returns. This administrative cost

A) is part of the deadweight loss of taxation.
B) is larger for individuals in the lowest income quintile than for individuals in the highest income quintile.
C) is equal to the value of consumer surplus associated with the income tax system.
D) can be claimed as a deduction on income tax returns.

Leostella20 · **Reply #1 on:** Jun 29, 2018

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