Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 15 - Part V - Monopoly - Quick Check Multiple Choice - Page 324: 6

Answer

c) consumer surplus

Work Step by Step

When a monopolist practices perfect price discrimination, the monopolist knows the willingness of each consumer to pay. Since the monopolist knows each consumer's willingness to pay, the consumer has no surplus at all.
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