D

A

B

C

underproduction of the good.

the monopoly’s profits.

the monopoly’s losses

overproduction of the good.

higher prices and lower output

higher prices and higher output

lower prices and lower output

lower prices and higher output

tends to be inefficient

usually lowers the cost of production dramatically

creates synergies between the newly acquired firm and other government-owned companies

does none of the things described in these answers

Perfect price discrimination generates a deadweight loss

Price discrimination can raise economic welfare

Price discrimination requires that the seller be able to separate buyers according to their willingness to pay

Price discrimination increases a monopolist’s profits