Which of the Following Would Definitely Not Be Used by Any

question 87

Multiple Choice

Which of the following would definitely not be used by any unregulated monopolist?

• A)Marginal cost pricing.
• B)The profit-maximizing rule.
• C)Price discrimination.
• D)Economies of scale.

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Definitions:

Capacity to Contract

The legal ability of a person to enter into a binding contract, typically requiring that the person is of a certain age and mentally competent.

Ratification

The formal approval or confirmation of an act or agreement, making it officially valid.

Age of Majority

The legally recognized age at which an individual is considered an adult, capable of voting, entering into contracts, and performing other civil duties.

Restitution

A remedy whereby one is able to obtain the return of that which he has given the other party, or an amount of money equivalent to that which he has given the other party.