Question

Prefect price discrimination is effecient but all of the surplus is received by the consumer ​

Answer 1

Answer:

Thus, under “perfect price discrimination,” the monopolist's Producer Surplus (PS) will be the entire area below the demand curve, above the marginal cost curve, and to the left of the profit-maximizing output level.

Explanation:

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Answer 2

Answer:

The firm is able to charge the maximum possible price for each unit which enables the firm to capture all available consumer surplus for ...