Ask Question
Yesterday, 20:36

A monopolist that practices perfect price discrimination a. creates no deadweight loss. b. charges one group of buyers a higher price than another group, such as offering a student discount. c. charges a higher price but produces the same monopoly level of output as when a single price is charged. d. charges some customers a price below marginal cost because costs are covered by the high-priced buyers.

+2
Answers (1)
  1. Yesterday, 23:14
    0
    A monopolist that practices perfect price discrimination

    a. creates no deadweight loss.

    Explanation:

    Theoretically, if a monopolist is able to practice perfect price discrimination:

    marginal revenue curve = demand curve consumer surplus = 0 every customer pays the highest amount that they are willing to pay production level = perfectly competitive level of output
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A monopolist that practices perfect price discrimination a. creates no deadweight loss. b. charges one group of buyers a higher price than ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers