Price Discrimination by a Monopolist Is Less Effective If the

question 29

Multiple Choice

Price discrimination by a monopolist is less effective if the

• A) good can be resold.
• B) good has no substitutes.
• C) monopolist can identify buyers by willingness to pay.
• D) good cannot be resold.

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Definitions:

False Consciousness

A term in Marxist theory describing the way in which material, ideological, and institutional processes in capitalist society mislead the proletariat and other classes, obscuring the true nature of their exploitation.

Rich and Powerful

Individuals or groups who possess a significant amount of wealth and influence over political, economic, or social aspects of society.

Conflict Theory

A sociological perspective that sees social life as a competition, and focuses on the distribution of resources, power, and inequality within a society.

Hieroglyphics

An early form of visual communication developed by the Egyptians.