(Steps Shown) Suppose there are 2 types of consumers. Show diagrammatically that welfare can be either higher or lower under simple monopoly compared to
Question:
Suppose there are 2 types of consumers. Show diagrammatically that welfare can be either higher or lower under simple monopoly compared to discriminating monopoly (i.e. the welfare can be either higher or lower under uniform pricing strategy, than under third degree price discrimination).
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