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If a monopolist engages in perfect (or first-degree) price discrimination, then compared to uniform pricing: a. Output will increase and total profit will decrease
If a monopolist engages in perfect (or first-degree) price discrimination, then compared to uniform pricing: a. Output will increase and total profit will decrease b. Output will decrease and total profit will increase c. Output and total profit will both decrease d. Output and total profit will both increase
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
