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Questions › IIT JAM › IIT JAM 2025 › Q37
2 marksMicroeconomics › Monopoly and price discrimination › First- and second-degree price discrimination and two-part tariffsHardabout 3 min

IIT JAM 2025 Question 37: Monopoly and price discrimination

In the case of first-degree price discrimination, which of the following statements is/are CORRECT in long run?

(A) Total surplus is equal to firm's profit.

(B) Consumer surplus is equal to zero.

(C) Deadweight loss is positive.

(D) Producer surplus is zero.

Select all that apply.

Answer and worked solution

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Monopoly and price discrimination has come up 128 times in 7 exams since 2004.

What this question tests

This question is on First- and second-degree price discrimination and two-part tariffs, part of Monopoly and price discrimination in Microeconomics.

Charging different prices by consumer or by quantity, up to perfect discrimination and two-part tariffs.

TestStop has 19 past-paper questions on this subtopic.

Take this paper as a timed mockMore on First- and second-degree price discrimination and two-part tariffs

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