If a Monopolist Is Practicing Perfect Price Discrimination, Then

question 99

Multiple Choice

If a monopolist is practicing perfect price discrimination, then

• A) costs are lower than for the non- price- discriminating monopolist.
• B) demand must be inelastic.
• C) the monopolist is not profit maximizing.
• D) consumer surplus is zero.
• E) the producer surplus is zero.

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Definitions:

Culture Shock

The feeling of disorientation experienced by someone when they are suddenly subjected to an unfamiliar culture, way of life, or set of attitudes.

Feelings of Isolation

Emotional states where individuals feel disconnected, lonely, or separated from others.

Stereotyping

The act of assigning a set of characteristics to individuals based solely on their membership in a particular social group, often leading to oversimplified and prejudiced views.

Short-Term Orientations

A preference for focusing on immediate or near-future considerations rather than long-term ones.