When a monopolist practises price discrimination as opposed to setting a single price,the monopolist increases its profits by decreasing producer surplus.

Name: When a monopolist practises price discrimination as opposed to setting a single price,the monopolist increases its profits by decreasing producer surplus.
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Question

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Price discrimination allows a monopolist to capture more consumer surplus and convert it into additional producer surplus, thereby increasing profits.

When a Monopolist Practises Price Discrimination as Opposed to Setting