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When a monopolist price discriminates they are able to increase consumer surplus through greater efficiency. O reduce the producer surplus available to them. O create a larger amount of deadweight loss. O gain a larger percentage of total surplus.

When a monopolist price discriminates they are able to increase consumer surplus through greater efficiency. O reduce the producer surplus available to them. O create a larger amount of deadweight loss. O gain a larger percentage of total surplus.

Microeconomic Theory
Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter14: Monopoly
Section: Chapter Questions
Problem 14.4P: Suppose the market for Hula Hoops is monopolized by a single firm. a. Draw the initial equilibrium...
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Question 18 When a monopolist price discriminates they are able to increase consumer surplus through greater efficiency. reduce the producer surplus available to them. create a larger amount of deadweight loss. O gain a larger percentage of total surplus. Question 19 Price discrimination leads to a decrease in the profit of the monopolist. a decrease in the quantity the monopolist produces. a decrease in the average total costs of production. a decrease in deadweight loss compared to a standard monopoly.
Transcribed Image Text:Question 18 When a monopolist price discriminates they are able to increase consumer surplus through greater efficiency. reduce the producer surplus available to them. create a larger amount of deadweight loss. O gain a larger percentage of total surplus. Question 19 Price discrimination leads to a decrease in the profit of the monopolist. a decrease in the quantity the monopolist produces. a decrease in the average total costs of production. a decrease in deadweight loss compared to a standard monopoly.
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