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Complete the following statement. First degree price discrimination...... a) makes consumer surplus equal to zero. Therefore it is inefficient. b) maximises producer surplus. Therefore it
Complete the following statement. "First degree price discrimination......"
a) makes consumer surplus equal to zero. Therefore it is inefficient."
b) maximises producer surplus. Therefore it is efficient."
c) maximises producer surplus, but it does not create a deadweight loss."
d) minimises producer surplus. Therefore deadweight loss is also minimised."
e) maximises producer surplus and, like a single price monopoly, generates some deadweight loss."
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