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Consider the following statements:
Statement 1: “The sum of consumer and producer surpluses is maximized under both monopoly and perfect competition.”
Statement 2: “All else being equal, a monopolist that practices price discrimination will be more allocatively efficient than a single-price monopolist.”
With respect to these statements: A. only one of these statements is accurate. B. both of these statements are accurate. C. neither of these statements is accurate. |