Question: Explain why each statement is true, false, or uncertain. With a binding price ceiling, the decrease in producer surplus is more than oset by the

Explain why each statement is true, false, or uncertain.

  1. With a binding price ceiling, the decrease in producer surplus is more than oset by the increase in consumer surplus.
  2. Price discrimination increases the allocative eciency of a monopolist (relative to the singleprice monopolist price and output).

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