Consider the following statements: Statement 1: "The sum of consumer and producer surpluses is maximized under both monopoly and perfect competition. " Statement 2: "All else being equal, a monopolist that practices price discrimination will be more allocatively efficient than a single-price monopolist. " Which of the following best describes the accuracy of these statements Statement 1 Statement 2 ()①A. Incorrect Correct ②B. Correct Correct ③C. Correct Incorrect
A. ①
B. ②
C. ③