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Hi, please your help in answering the questions below would be greatly appreciated. I have some idea as to what the answers are, but i

Hi, please your help in answering the questions below would be greatly appreciated.

I have some idea as to what the answers are, but i just need confirmation from an expert.

Please, i cannot afford to fail any questions at this section; that means; any question that you are not sure of, kindly skip it.

Just answer the questions that you are completely certain of.

Please, and thank you!

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ttps://learning.edx.org/course/course-v1:MITx+14.100x+172021/block-v1:MITx+14.100x+1T2021+type@sequential+block@ceaf181c18e740dca9a3.. 1 point possible (graded) Assuming uniform pricing, returning a monopolist's profits back to consumers... O ..eliminates the deadweight loss of monopoly O ..fails to eliminate the deadweight loss of monopoly Submit You have used 0 of 1 attempt Save Problem PS6.1.2 2 points possible (graded) In a monopoly market, total social surplus is (weakly) higher under perfect price discrimination than under uniform pricing. O O False Consumers (as a group) would prefer a monopolist to perfectly price discriminate rather than to charge aConsumers (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. O True O False Submit You have used O of 1 attempt Save Problem PS6.1.3 1 point possible (graded) For a given demand curve, an inward (leftward) shift in the supply curve will lead to a strict decrease in consumer surplus. always sometimes never ch O NProblem PS6.1.4 1 point possible (graded) Lydia owns a railroad company in Belgium and acts as a monopolist. Each train has two types of seats on its trains: business class and economy class. All of the customers prefer business class seats to economy class seats; however, price-sensitive people choose to buy the economy seats. Lydia is able to buy seat cushions that she could install in economy class that would increase the economy class consumers' willingness to pay for economy class by more than the cost of installing the cushions. What will happen to Lydia's profits when she installs the cushions? Lydia will increase her profits by installing the cushions Lydia will decrease her profits by installing the cushions Lydia's profits will be unchanged by installing the cushions The answer is ambiguous Save Submit You have used 0 of 2 attempts Next >

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