Under second degree price discrimination, the average price per unit paid by high demand consumers is not equal to marginal willingness to pay for one additional unit.
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Q11: If a monopolist has no marginal costs
Q12: Consumers prefer inefficient third degree price discrimination
Q13: Since revenue increases with increases in price
Q14: Suppose a monopolist has zero marginal cost.If
Q15: A monopolist will not produce at all
Q17: Depending on the shape of the marginal
Q18: If a monopolist were allowed (and able)
Q19: For any constant-elasticity market demand curve, a
Q20: If the market demand curve has constant
Q21: If a monopolist faced a downward sloping
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