There are seven consumers each of whom is hungry for exactly

There are seven consumers, each of whom is hungry for exactly one Butterfinger. The consumers\' maximum willingness to pay is given in the table below:

Assume that the seller is unable to perfectly price discriminate, and instead decides to segment her customers into two groups, each of which will be charged a different price. Which statement below is NOT true?

	When a firm practices third-degree price discrimination, profits are higher than they would be if it had to charge one single price to every customer.
	When a firm practices third-degree price discrimination, consumer surplus and deadweight loss are greater than if it charged one price, and profit is higher.
	When a firm practices third-degree price discrimination, profits are lower than they would be if it could practice first-degree price discrimination.
	When a firm practices third-degree price discrimination, consumer surplus and deadweight loss are greater than if it practiced first-degree price discrimination.

Ans: When a firm practices third-degree price discrimination, profits are lower than they would be if it could practice first-degree price discrimination.

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$There are seven consumers, each of whom is hungry for exactly one Butterfinger. The consumers\' maximum willingness to pay is given in the table below: Assume t$

There are seven consumers each of whom is hungry for exactly

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