Firms with Monopoly Power Will Price Discriminate When Ever Possible

question 3

Multiple Choice

Firms with monopoly power will price discriminate when ever possible because

• A)it makes the price of the last unit sold lower which makes customers happy
• B)discrimination increases profits
• C)discrimination reduces costs
• D)it reduces the dead weight loss and is better for society

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Definitions:

Stress

A physical, mental, or emotional factor that causes bodily or mental tension, which can be from events that make you feel frustrated, angry, or nervous.

Negative Emotions

Feelings that are perceived as unpleasant or harmful, such as sadness, anger, fear, or frustration.

Psychological Distress

A general state of emotional suffering or discomfort often characterized by symptoms of anxiety or depression, without a specific underlying medical condition.

Life Changes

Significant transitions or alterations in an individual's circumstances, which can impact their lifestyle, relationships, or mental health.