A Monopoly Can Practise Price Discrimination When It

question 90

Multiple Choice

A monopoly can practise price discrimination when it

• A)can segment the market according to the different prices the consumers are willing to pay.
• B)is a price taker.
• C)has different marginal costs of production for different output levels.
• D)has decreasing average variables cost.
• E)produces a good with close substitutes.

---

Definitions:

Democratic Republican Party

A political party in the early United States, advocating for states’ rights and a strict interpretation of the Constitution, opposed to the centralized federal power.

Political Voice

The capacity or right of individuals or groups to express opinions, influence political decisions, and participate in governance.

Federal Courts

Courts established by the government of a country to handle cases and legal issues based on national laws and constitutions.

Virginia Legislature

The legislative body of the Commonwealth of Virginia, consisting of two branches: the House of Delegates and the Senate.