Question 19 A monopolist engaging in third-degree price discrimination I. has lower profit than a monopolist engaging i

[answerhappygod]

Question 19A monopolist engaging in third-degree price discriminationI. has lower profit than a monopolist engaging in first-degreepricediscriminationI. sets the price equal to the consumer's willingness to payIll. cannot identify which group of consumers any particularindividualbelongs toA. only I is correctB. both I and Ill are correctC. only Il is correctD. both Il and Ill are correct
Question 20Assume in the market with two consumers, Chloe and Oliver.Chloe'sutility function is U(x, y) = 2x + 120y1/2, Oliver'sutility function is U(x, y) =2x + 10y. At a Pareto optimal allocation in which bothindividualsconsume some of each good, how much y does Chloe consume?A.60B.5C. 225D. 36