Perfect Price Discrimination Is Usually Not Attainable Because

question 58

Multiple Choice

Perfect price discrimination is usually not attainable because:

• A)the government makes it illegal in most countries.
• B)nobody is perfect.
• C)monopolists find it hard to gather enough information on their customers.
• D)managers of monopolies lack imagination.

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Definitions:

Variable Cost

Costs that change in proportion to the level of goods or services produced by a business, such as raw materials and direct labor.

Profitable Use

The effective and efficient utilization of resources (assets, equipment, personnel) that leads to generating profit or achieving financially beneficial outcomes.

Intermediate Product

An intermediate product is a semi-finished good used as input in the production of another final or finished product.

Refined Sugar

Sugar that has been processed from its natural state to remove impurities and achieve a higher level of purity.