A Monopolist or an Imperfectly Competitive Firm Practices Price Discrimination

question 73

Multiple Choice

A monopolist or an imperfectly competitive firm practices price discrimination primarily to:

• A)increase profits.
• B)expand plant size.
• C)lower total costs.
• D)reduce marginal costs.

---

Definitions:

Resource Conservation

Resource conservation involves managing natural resources to prevent depletion, ensuring sustainability and environmental protection for future generations.

Recovery Act

Refers to legislation aimed at promoting economic recovery, such as the American Recovery and Reinvestment Act of 2009 intended to stimulate the U.S. economy.

Environmental Protection Agency

A U.S. federal agency created for the purpose of protecting human health and the environment by enforcing regulations based on laws passed by Congress.

Safe Drinking Water Act

A federal law in the United States aimed at ensuring the quality of Americans' drinking water by regulating its sources and contaminants.