A Single-Price Monopoly

question 502

Multiple Choice

A single-price monopoly

• A) charges all consumers the lowest price that they want to pay for each unit purchased.
• B) produces less output than it would if it could price discriminate.
• C) eliminates all the consumer surplus.
• D) creates a smaller deadweight loss than it would if it could price discriminate.

---

Definitions:

Governmental Policies

Strategies and measures developed and implemented by a government to achieve specific goals and address national concerns.

Imprisonment

The act of confining someone in a prison or as if in a prison as punishment for a crime or while awaiting trial.

Black Migration

Refers to the movement of African Americans from the rural Southern United States to the urban North, Midwest, and West from approximately 1916 to 1970, often called the Great Migration.

East St. Louis

A city in Illinois notable for the 1917 race riot, one of the most violent episodes of racial conflict in the 20th-century United States.