A perfectly price-discriminating monopolist:
A)restricts output more than an ordinary monopolist does.
B)sells the last unit of output where price equals marginal cost.
C)charges all consumers the same price but sells different quantities to each.
D)obtains less producer surplus than does an non-price discriminating monopolist.

Question

Quizplus · Accepted Answer

A perfectly price-discriminating monopolist is able to sell each unit of output at the maximum price that each consumer is willing to pay, thus equating price and marginal cost for the last unit sold, maximizing efficiency and producer surplus.

A Perfectly Price-Discriminating Monopolist