4. Suppose the monopolist whose data are shown to the right is able to practice 1st degree (perfect) price discrimination. In this case the total number of units sold and the price of the last unit sold will be:
  1. price of last unit = 6, total quantity sold = 6.
  2. price of last unit = 3, total quantity sold = 5.
  3. price of last unit = 10, total quantity sold = 5.
  4. price of last unit = 7, total quantity sold = 8.
  5. price of last unit = 8, total quantity sold = 7.

Copyright © 1995-2004 OnLineTexts.com, Inc. - All Rights Reserved