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Author Question: When a firm has a monopoly in a market and also perfectly price discriminates, total welfare A) ... (Read 104 times)

melly21297

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on: Jul 1, 2018
When a firm has a monopoly in a market and also perfectly price discriminates, total welfare
 
  A) is maximized.
  B) is lower than in a perfectly competitive market.
  C) is higher than in a perfectly competitive market.
  D) is minimized.

Question 2

A good example of perfect price discrimination is
 
  A) selling concert tickets to individuals on the street corner.
  B) buying concert tickets at the ticket window.
  C) selling concert tickets at the ticket window.
  D) buying a concert ticket on the street corner.
Microeconomics ¦ Perloff ¦ 8th Edition
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dmurph1496

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


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