Relative to perfect competition, first-degree price discrimination results in: h

Question

Relative to perfect competition, first-degree price discrimination results in:

higher consumer surplus, higher producer surplus, and higher total surplus.

lower consumer surplus, higher producer surplus, and equal total surplus.

lower consumer surplus, higher producer surplus, and equal total surplus.

lower consumer surplus, lower producer surplus, and lower total surplus.

higher consumer surplus, higher producer surplus, and higher total surplus.

lower consumer surplus, higher producer surplus, and equal total surplus.

lower consumer surplus, higher producer surplus, and equal total surplus.

lower consumer surplus, lower producer surplus, and lower total surplus.

Explanation / Answer

lower consumer surplus, lower producer surplus, and lower total surplus.

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