Price Discrimination -- Practice Problems

For the following question use the graph below Price 12 11 2 3 4 5 6 7 8 9 10 11 12 Q The monthly market demand curve for a particular good is given by the graph provided above. The marginal cost of production is constant at $3 and fixed costs are zero. Which of the following statements is (are) TRUE for a profit maximizing monopolist that is successfully able to practice perfect price discrimination? I. In order to maximize profits, the perfectly price discriminating monopolist will sell to all consumers willing to pay a price greater than zero. Il. Net benefits to society will be maximized in this market. Ill. The marginal revenue curve for the firm will be the same as the demand curve because the price effect will be zero