Which of the Following Statements About a Monopoly Practicing Perfect

question 57

Multiple Choice

Which of the following statements about a monopoly practicing perfect price discrimination is correct?

• A) The output will always be less than that produced by a single- price monopolist.
• B) It will charge higher prices in those market segments with more elastic demand.
• C) The profit- maximizing criterion is MR = P, the same as for perfect competition.
• D) Total costs will be lower than that of a single- price monopolist.
• E) The demand curve is also the marginal- revenue curve.

Grasp the concept of the Restatements of the Law as secondary sources and their application as persuasive authority.

Distinguish between types of legal publications and their purposes within legal research.

Recognize the importance of staying updated in legal research through supplements and later case services.

Understand the various geographic and jurisdictional divisions of legal reporting systems and how they influence legal research.