Which of the following statements about a monopoly practicing perfect price discrimination is correct? a. The profit-maximizing criterion is MR = P, the same as for perfect competition. b. Total costs will be lower than that of a single-price monopolist. c. The output will always be less than that produced by a single-price monopolist. d. It will charge higher prices in those market segments with more elastic demand. e. The demand curve is also the marginal-revenue curve.

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