The MAIN Reason a Monopoly Engages in Price Discrimination Is

question 175

Multiple Choice

The MAIN reason a monopoly engages in price discrimination is that:

• A)it wants to discriminate against a particular ethnic group.
• B)doing so increases its profits.
• C)it wants to discourage potential competitors.
• D)by charging a lower price to some people,it may succeed in discouraging efforts to regulate it.

---

Definitions:

Occupational Safety and Health Act

A United States law established in 1970 to ensure workplace safety and health standards.

Workplace Safety

Practices and policies implemented to ensure the physical and emotional well-being of employees in their working environment.

ERISA

The Employee Retirement Income Security Act of 1974, a federal law that sets minimum standards for most voluntarily established pension and health plans in private industry.

Fiduciary Responsibility

The obligation of one party to act in the best interest of another within a relationship of trust, such as that between a trustee and the beneficiaries.