Question
Which of the following statements is not correct? Group of answer choices 1) The deadweight loss that arises in monopoly stems from the fact that
Which of the following statements is not correct?
Group of answer choices
1) The deadweight loss that arises in monopoly stems from the fact that the profit-maximizing single-price monopoly firm produces a quantity of output that is smaller the socially-efficient quantity.
2) The deadweight loss caused by monopoly is similar to the deadweight loss caused by a tax on a product.
3) Consumer surplus is smaller with perfect price discrimination than for a single-price monopolist that can not price discriminaten with a single price monopoloblem caused by monopoly is monopoly profit.
4)For a given demand curve, the profit for a single-price monopolist is larger than for a monopolist that can price discriminate.
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