Consider a monopoly using a two part tariff against consumers with downward sloping individual demand: (1) The monopolist will produce the efficient output. (ii) The monopolist will extract all surplus from consumers. O a. (1) holds only for homogenous consumers, but (ii) holds with hetrogeneous consumers as well. O b. Even with homogeneous consumers, the monopolist will not always be able to assure that both (I) and (ii) hold. O c. (i) and (ii) are true only when consumers are homogenous. O d. (ii) Holds only for homogeneous consumers, but (i) holds with hetrogeneous consumers as well.

Consider a monopoly using a two part tariff against consumers with downward sloping individual demand: (1) The monopolist will produce the efficient output. (ii) The monopolist will extract all surplus from consumers. O a. (1) holds only for homogenous consumers, but (ii) holds with hetrogeneous consumers as well. O b. Even with homogeneous consumers, the monopolist will not always be able to assure that both (I) and (ii) hold. O c. (i) and (ii) are true only when consumers are homogenous. O d. (ii) Holds only for homogeneous consumers, but (i) holds with hetrogeneous consumers as well.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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