The existence of any consumer surplus in the market suggests that all of the following practices are possible in the market except which one?
A)a single price is charged to all consumers
B)second- degree price discrimination
C)first- degree price discrimination
D)third- degree price discrimination

Question

Quizplus · Accepted Answer

First-degree price discrimination involves charging each consumer their maximum willingness to pay, eliminating consumer surplus entirely.

The Existence of Any Consumer Surplus in the Market Suggests