If a monopolist practices price discrimination, it will:
A) receive more profit than a monopolist that does not price discriminate.
B) receive less profit than a monopolist that does not price discriminate.
C) produce the same output as a monopolist that does not price discriminate.
D) produce less output than a monopolist that does not price discriminate.
Ans: A) receive more profit than a monopolist that does not price discriminate.
You might also like to view...
All points on the firm's expansion path
a. give the firm the maximum possible profit. b. minimize the firm's cost of producing some level of output. c. have the same long-run average cost. d. make the marginal product of labor equal to the marginal product of capital.
Which functions of money could each item fulfill?
After deregulation airline prices _____ and the prices charged by long distance trucking firms _____.
Fill in the blank(s) with the appropriate word(s).
Economists define technology as
A) machines such as computers. B) entrepreneurship. C) absolute advantage. D) society's knowledge concerning the production of goods.