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In first degree price discrimination, monopolist takes away :

A. All of the consumer surplus

B. All of the producer surplus

C. Some part of the consumer surplus

D. None of them

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. The basic subject matter of economics is:
  2. Excess capacity is not found under:
  3. A profit-maximizing monopolist in two separate markets will:
  4. In the long-run competitive equilibrium:
  5. The monopolist often lead to exploitation of:
  6. Which form of market structure is characterized by interdependence in decision-making as between the…
  7. By increasing the price of its products above those of its competitors, a perfectly competitive seller:
  8. One common definition of a luxury good is a good with income elasticity:
  9. Economics is a:
  10. Dumping is international discriminating:
  11. Cross-demand curve shows:
  12. The isoquant approach is based upon:
  13. In non-constant sum game (non-zero sum game), if there are two parties then:
  14. In non-collusive oligopoly firms enter into:
  15. The demand of the luxuries is:
  16. Elasticity of Substitution (s) is defined as:
  17. When the demand curve is rectangular hyperbola, it represents:
  18. The number of firms in monopolistic competition normally range between:
  19. When marginal costs curve cuts average costs curve, average costs are:
  20. In case the two commodities are complements, cross elasticity will be:
  21. A demand curve which is horizontal and parallel to x-axis represents:
  22. Average cost curve contains in it:
  23. The ordinal approach was presented by:
  24. The Prisoners Dilemma was presented by A.W.Tucker in:
  25. Rational economic behavior on the part of the consumer means that he will:
  26. Total fixed costs are:
  27. In context of oligopoly, the kinky demand curve (kinked demand curve) hypothesis is designed to explain:
  28. The necessary condition of firms equilibrium requires:
  29. A loss bearing firm will continue to produce in the short run so long as the price at least covers:
  30. Which of the following oligopoly models is concerned with the maximization of joint profits?