WHICH OF THE FOLLOWING IS THE LEAST LIKELY OUTCOME WHEN A MONOPOLI...

53. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING VERSIONB QUESTIONS 2014
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING VERSIONB QUESTIONS 2014

53.

Which of the following is the least likely outcome when a monopolist adopts first-degree price discrimination because of customers' differing demand elasticities? A. The monopolist shares the total surplus with consumers. B. The price for a marginal unit decreases to less than the price for other units. C. The output increases to the point at which price equals the marginal cost.