Gea Myoung Lee ECON251 Microeconomics 2 Suppose a monopolist captures all surplus using a first-degree price discrimination. The monopolist is likely to produce more when price discrimination is prohibited under a regulation. False. Under first-degree price discrimination, the firm produces the quantity at which price for one additional unit equals . Hence, the firm produces the efficient output. On the other hand, under uniform pricing, the firm produces the output that is less than the efficient level