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Author Question: In the figure above, what is the loss of consumer surplus if the firm is a perfectly ... (Read 34 times)

jman1234

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  • Posts: 560
on: Jun 29, 2018
In the figure above, what is the loss of consumer surplus if the firm is a perfectly price-discriminating monopoly instead of a perfectly competitive industry?
 
  A) 0
  B) 22.50
  C) 45.00
  D) 90.00

Question 2

When Tom's income increases, his demand curve for Mountain Dew shifts rightward because the higher income increases his marginal utility of Mountain Dew.
 
  Indicate whether the statement is true or false


bfulkerson77

  • Sr. Member
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  • Posts: 331
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

FALSE


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