The statement which is not true is that price discrimination increases consumer surplus.
Price discrimination is a microeconomic pricing technique in which the same provider sells the same or substantially similar items or services in different marketplaces at different prices.
First-degree discrimination, often known as perfect price discrimination, is when a company charges the highest price per unit of consumption. The company obtains all possible consumer surplus for itself or the economic surplus since prices fluctuate between units.
In contrast to a competitive market, perfect price discrimination decreases consumer surplus, increases producer surplus by the same amount, and has no impact on overall surplus.
Perfect price discrimination reduces consumer surplus, increases producer surplus, and raises total surplus when compared to a monopoly that has a single price since there is no deadweight loss.
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