They are able to perfectly price discriminate in the following ways like
- Deadweight loss is eliminated
- Quantity sold would be the same
- Total surplus is maximized
Hence, Option 1 , Option 2 and Option 3 is correct.
What is single price monopoly ?
- A single-price monopoly can be determined as a firm that needs to sell each unit of output for the same price to all its customers.
- It never produces an output at which demand is inelastic.
- It helps to determine price where the marginal revenue equals the marginal cost.
- Examples include Natural gas, electricity companies, and other utility companies.
By analyzing the case Option 1, 3 and 4 is correct.
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