Electric utilities often practice second-degree price discrimination. Why might this improve consumer welfare?

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:27 AM

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Electric utilities often practice second-degree price discrimination. Why might this improve consumer welfare?

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Consumer surplus may be higher under block pricing than under monopoly pricing b...View the full answer

Microeconomics

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