29. Correct. The answer
is true. A perfectly price discriminating monopolist means they can charge
each consumer the maximum amount they are willing to pay.
In such a case, the maximum
amount charged for the first unit of gas sold would be P1. The
maximum amount charged for the second unit of gas would P2. However,
if a monopolist is able to price discriminate, she would not have to lower the
price of unit 1 when she sells unit 2. Thus, if a monopolist is able to
perfectly price discriminate, the demand curve and the marginal revenue curve
are identical. The perfectly discriminating monopolist would produce where
marginal revenue or demand equals marginal cost. This would also be the
competitive output, so there is no deadweight loss. However, the perfectly
price discriminating monopolist gets the entire consumer surplus in this case.