Perfect price discrimination is efficient but all of the surplus is received by the consumer.

Name: Perfect price discrimination is efficient but all of the surplus is received by the consumer.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Perfect price discrimination results in the producer capturing all of the surplus, as they charge each consumer the maximum price they are willing to pay. Therefore, there is no surplus received by the consumer.

Perfect Price Discrimination Is Efficient but All of the Surplus