**Question:**For the Perfect Price Discriminator (1st Degree Price Discriminator), the demand curve is also the marginal revenue curve.- ○ True - ○ False **Explanation:**In microeconomics, a Perfect Price Discriminator, also known as a 1st Degree Price Discriminator, charges each consumer the maximum price they are willing to pay for each unit of the good. In this scenario, the demand curve, which represents the maximum price consumers are willing to pay for each quantity of the good, coincides with the marginal revenue curve. Thus, each additional unit sold generates a marginal revenue equivalent to the price on the demand curve.

A monopoly is a market structure in which a single firm dominates the market. The existance of high…

Answered: For the Perfect Price Discriminator…

For the Perfect Price Discriminator (1st Degree Price Discriminator) the demand curve is also the marginal revenue curve. True False

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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