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Exhibit 23-6 -Refer to Exhibit 23-6. Let C Be the Demand Curve

Question 94

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Exhibit 23-6
Exhibit 23-6 -Refer to Exhibit 23-6. Let C be the demand curve facing a perfectly price-discriminating monopolist and P<sub>0</sub> the price it charges for the last unit of X it sells. The marginal cost of the last unit A) is less than P<sub>0</sub>. B) equals P<sub>0</sub>. C) is greater than P<sub>0</sub>. D) could be any of the above, depending on the shape of the marginal cost curve.
-Refer to Exhibit 23-6. Let C be the demand curve facing a perfectly price-discriminating monopolist and P0 the price it charges for the last unit of X it sells. The marginal cost of the last unit


A) is less than P0.
B) equals P0.
C) is greater than P0.
D) could be any of the above, depending on the shape of the marginal cost curve.

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