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If a monopolist can practice perfect price discrimination: D O profits will increase. producer surplus decreases. consumer surplus increases.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter14: Monopoly

Section: Chapter Questions

Problem 6CQQ

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If a monopolist can practice perfect price discrimination: D O profits will increase. producer surplus decreases. consumer surplus increases.

Definition Definition Producer’s gain from trade. The producer surplus is the area above the supply curve but below the equilibrium price and up to the equilibrium quantity.

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