Under which of the following is consumer surplus zero?
A) all types of monopoly
B) only single-price monopoly
C) only perfectly price-discriminating monopoly
D) only price discrimination on the basis of the number of units purchased
E) perfect competition

Question

Quizplus · Accepted Answer

In a perfectly price-discriminating monopoly, the producer charges each customer their maximum willingness to pay. As a result, there is no consumer surplus.

Under Which of the Following Is Consumer Surplus Zero