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In second 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

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  1. The alternative of profit maximization theory is:
  2. The General Theory of Employment, Interest and Money is the major work of :
  3. Cross-elasticity of demand is measured as:
  4. The model which gives us information about price and output changes in different periods is:
  5. In constant sum game (zero sum game), if there are two parties then:
  6. The Law of Proportionality is another name of:
  7. The optimal strategy for a player is termed as:
  8. The line from the origin to a point on an isoquant shows:
  9. The proportional demand curve in monopolistic competition (also in kinked demand curve model), is like…
  10. LMC represents change in LTC (long-run total cost) due to producing an additional unit of a good while…
  11. The difference between average total cost and average fixed cost shows:
  12. The income effect means that consumer purchase more when:
  13. When price increases and with it the total outlay on a commodity also increases, it is a case of:
  14. If the price of product increases and in the result the demand for product B also increases then:
  15. If, at the prevailing price, more of a good is desired than is available for sale:
  16. In Prisoners Dilemma, both the prisoners are interrogated:
  17. For the given production function, technical inefficiency is defined as:
  18. Under price discrimination, the buyers must:
  19. The budget constraint equation of the firm is:
  20. A firm can never produce in the middle area of input space, in case of:
  21. In Prisoner Dilemma, the best choice of strategy is:
  22. Scarcity means:
  23. According to M.Kalecki, the true measure of the degree of monopoly power is the:
  24. According to Marshal, the Law of Diminishing Marginal Utility:
  25. In Nash Equilibrium:
  26. With elasticity of demand, the:
  27. Increase in demand occurs when:
  28. In measuring price-elasticity:
  29. All the firms with identical costs under perfect competition well, in the long-run, earn only:
  30. In cournot model, each firm expects a reaction from his rival but the expected reaction is not: