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Which of the following is false in first-degree price discrimination?

Which of the following is false in first-degree price discrimination?


[A]The monopolist will be able to extract the entire consumer’s surplus
[B]The price of each unit will be different
[C]By following first degree price discrimination, the profit of the monopolist will be more than what he could otherwise earn at a single price
[D]The price of the first unit will be less than that of the subsequent units

Jan 09 2018 View more View Less

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