Which of the following statements about a perfect price-discriminating monopoly is correct?
A perfect price-discriminating monopoly

Question

Which of the following statements about a perfect price-discriminating monopoly is correct? 
 A perfect price-discriminating monopoly

Accepted Answer

both A and D.

Answer

faces a marginal revenue curve that is the same as the market demand curve.

Answer

maximizes total revenue rather than economic profit.

Answer

produces an output that is inefficient.

Answer

produces the quantity at which the marginal cost curve intersects the market demand curve.

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