c. What is total consumer surplus with only one price (part a)? What is total consumer surplus with 3rd degree price discrimination (part b)? d. If the monopolist could not prevent resale between consumers, would the monopolist prefer to price discriminate or just charge one price? Why?
c. What is total consumer surplus with only one price (part a)? What is total consumer surplus with 3rd degree price discrimination (part b)? d. If the monopolist could not prevent resale between consumers, would the monopolist prefer to price discriminate or just charge one price? Why?
Chapter14: Monopoly
Section: Chapter Questions
Problem 14.1P
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part C D
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