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Homework answers / question archive / 1)In a monopoly, is P always greater than MR? 2)Due to price discrimination of second and third degree, social welfare is reduced since it creates deadweight loss

1)In a monopoly, is P always greater than MR? 2)Due to price discrimination of second and third degree, social welfare is reduced since it creates deadweight loss

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1)In a monopoly, is P always greater than MR?

2)Due to price discrimination of second and third degree, social welfare is reduced since it creates deadweight loss. Though, consumers are offered price according to their paying capacity. In maximum cases, consumers surplus/ welfare falls by how much?

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