Which type of price discrimination results in the monopolist obtaining the entire consumer surplus?
A) third-degree
B) first-degree
C) second-degree
D) fourth-degree

Question

Quizplus · Accepted Answer

First-degree price discrimination, also known as perfect price discrimination, occurs when a seller charges each buyer their maximum willingness to pay, thus transferring the entire consumer surplus from the consumer to the monopolist.

Which Type of Price Discrimination Results in the Monopolist Obtaining