Assuming uniform pricing, returning a monopolist's profits back to consumers... ...eliminates the deadweight loss of monopoly or
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Assuming uniform pricing, returning a monopolist's profits back to consumers...
...eliminates the deadweight loss of monopoly or ...fails to eliminate the deadweight loss of monopoly?
In a monopoly market, total social surplus is (weakly) higher under perfect price discrimination than under uniform pricing (True or false).
Consumers (as a group) would prefer a monopolist to perfectly price discriminate rather than to charge a uniform price, because total social surplus is higher under perfect price discrimination (True or false).
For a given demand curve, an inward (leftward) shift in the supply curve will ______ lead to a strict decrease in consumer surplus. (Always, sometimes or never).
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