If a Monopolist Is Practicing Perfect Price Discrimination,then the Following

question 53

Multiple Choice

If a monopolist is practicing perfect price discrimination,then the following equation is true:

• A)MR = P for all units.
• B)MR = 1/2 P for any unit.
• C)AR = ATC at the profit-maximizing level of output.
• D)MC = 1/2 MR at the profit-maximizing level of output.
• E)P = AVC at the profit-maximizing level of output.

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Definitions:

Salesperson's Position

The role or job title of an individual responsible for selling products or services to customers, often involving negotiation, presentation, and relationship management.

Job Description

A formal document that outlines the duties, responsibilities, required qualifications, and reporting relationships of a specific job.

Attributes

Characteristics or features of a product or service that can include quality, functions, design, and brand that influence consumer decisions.

Closing Stage

The final step in the sales process where the salesperson ensures that all of the customer's questions have been answered and seeks to complete the sale.