Refer to the information provided in Figure 13.11 below to answer the question(s) that follow. Figure 13.11
-Refer to Figure 13.11. Suppose a monopolist faces the demand and costs in the figure and is able to perfectly price discriminate. How much surplus is realized by consumers?
A) $0
B) $16,000
C) $32,000
D) Indeterminate from the given information.

Question

Refer to the information provided in Figure 13.11 below to answer the question(s) that follow.  Figure 13.11
-Refer to Figure 13.11. Suppose a monopolist faces the demand and costs in the figure and is able to perfectly price discriminate. How much surplus is realized by consumers?
A) $0 
B) $16,000 
C) $32,000 
D) Indeterminate from the given information.

Quizplus · Accepted Answer

When a monopolist is able to perfectly price discriminate, they charge each consumer the maximum they are willing to pay, leaving consumers with no surplus.

Refer to the Information Provided in Figure 13