Author Question: Under perfect price discrimination, a. equilibrium quantity and consumer surplus are the same as ... (Read 32 times)

Kthamas · **on:** Jun 30, 2018

Under perfect price discrimination,
a. equilibrium quantity and consumer surplus are the same as under perfect competition
b. equilibrium quantity is greater and consumer surplus is the same as under perfect competition
c. equilibrium quantity and consumer surplus are less than under perfect competition
d. equilibrium quantity is the same but consumer surplus is less than under perfect competition
e. equilibrium quantity is less but consumer surplus is the same as under perfect competition

Question 2

If an industry consists of only two firms with equal market shares, then the Herfindahl index is
a. 50
b. 100
c. 2,500
d. 5,000
e. 10,000