Productivity is defined as the quantity of goods and services produced from each unit of labor input

With price discrimination, a monopoly

A) converts consumer surplus into economic profit. B) converts producer surplus into economic profit. C) can charge a single price to all customers. D) produces less output than if it does not price discriminate. E) converts consumer surplus into deadweight loss.

Does game theory always predict real-world situations involving strategic interactions? Why or why not?

What will be an ideal response?