which of the following statements is true? 1. the deadweight loss of a monopolist choosing to use price discrimination is lower than the deadweight loss of a monopolist who cannot price discriminate. 2.the deadweight loss of a monopolist choosing to use price discrimination is the same as the deadweight loss of a monopolist who cannot price discriminate. 3. the deadweight loss of a monopolist choosing to use price discrimination is higher than the deadweight loss of a monopolist who cannot price discriminate. 4.the deadweight loss of a monopolist choosing to use price discrimination is higher, lower, or the same as the deadweight loss of a monopolist who cannot price discriminate.

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter24: Price-searcher Markets With High Entry Barriers
Section: Chapter Questions
Problem 15CQ
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which of the following statements is true?

 

1. the deadweight loss of a monopolist choosing to use price discrimination is lower than the deadweight loss of a monopolist who cannot price discriminate.

 

2.the deadweight loss of a monopolist choosing to use price discrimination is the same as the deadweight loss of a monopolist who cannot price discriminate.

 

3. the deadweight loss of a monopolist choosing to use price discrimination is higher than the deadweight loss of a monopolist who cannot price discriminate.

 

4.the deadweight loss of a monopolist choosing to use price discrimination is higher, lower, or the same as the deadweight loss of a monopolist who cannot price discriminate.

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