If a Monopolist Practices Perfect Price Discrimination, Then It Will

question 89

Multiple Choice

If a monopolist practices perfect price discrimination, then it will have

• A)a greater total revenue and sell a greater output than if it were not practicing price discrimination.
• B)a smaller total revenue and sell a smaller output than if it were not practicing price discrimination.
• C)the same total revenue but sell a larger output than if it were not practicing price discrimination.
• D)the same total revenue but sell a smaller output than if it were not practicing price discrimination.

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Definitions:

Contract

A commitment between two or more individuals or groups that is backed by and enforceable through the legal system.

Misrepresents Age

The act of intentionally providing a false age or birth date, typically to bypass age restrictions or for other benefits.

Disaffirm

Disaffirm refers to the legal act of renouncing or nullifying a contract or agreement, especially employed when one party to the agreement is not capable of fully understanding their obligations due to age or mental state.

Good Faith

Acting with honesty, fairness, and without deceit or fraud in transactions or interactions.