Suppose a Monopoly Can Separate Its Customers into Two Groups

question 221

Multiple Choice

Suppose a monopoly can separate its customers into two groups.If the monopoly practices price discrimination,it will charge the lower price to the group with:

• A)the higher price elasticity of demand.
• B)the lower price elasticity of demand.
• C)the fewer close substitutes.
• D)The answer cannot be determined with the information given.

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