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  • ICAR and TNAU E-Course Summarized

    Summarized Notes
  • Monopoly receives entire consumer surplus

    Question: Monopoly receives entire consumer surplus

    Options:

    First degree
    Second degree
    Third degree
    Fourth degree

    ✅ Explanation: In a first-degree price discrimination, a monopolist charges each consumer the maximum price they are willing to pay for each unit of the good. This allows the monopolist to capture the entire consumer surplus.
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