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.

---

Definitions:

Habitat Fragmentation

The process by which larger habitats are divided into smaller, isolated fragments, often leading to biodiversity loss and ecosystem disruption.

Generalist Species

Species with a broad niche that can thrive in a wide variety of environmental conditions and can make use of a variety of different resources.

Specialist Species

Refers to species that require very specific environmental conditions or resources to thrive, often resulting in a narrow niche.

Natural Ecosystems

Biological communities interacting with their physical environment in a way that has not been significantly altered by human activity, maintaining natural processes and biodiversity.