alleryMatch first disc: 1. First: p. Type 1 2. Buyer: q. Zero gain 3. Firm: r. Takes all
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
Under first-degree price discrimination, the monopoly extracts the entire consumer surplus so consumer surplus equals zero.
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