Economics · Microeconomics
Match each market structure or pricing regime (List-I) with its correct welfare characterisation (List-II): List-I P. Perfect Competition Q. Single-price Monopoly R. Second-degree Price Discrimination S. First-degree Price Discrimination List-II 1. Pareto efficient; entire consumer surplus extracted by the seller 2. P = MC; zero deadweight loss; maximum social surplus 3. Quantity discounts / block pricing; partial elimination of DWL 4. P > MC; positive DWL; uniform price Choose the correct matching:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1P-2, Q-4, R-3, S-1✓
- 2P-1, Q-4, R-3, S-2
- 3P-2, Q-3, R-4, S-1
- 4P-4, Q-2, R-1, S-3
Correct answer
P-2, Q-4, R-3, S-1
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