Which of the Following Is TRUE

question 235

Multiple Choice

Which of the following is TRUE?

• A) Monopoly results in a higher quantity of output being sold compared with perfect competition.
• B) Price discrimination occurs when there are differences in prices that reflect differences in marginal cost.
• C) Charging all customers the same price when costs vary can actually be a case of price discrimination.
• D) Price discrimination guarantees that the monopolist will make a profit.

---

Definitions:

Plumbing Analogy

A simplistic comparison often used to explain complex systems by likening them to more understandable and straightforward plumbing systems.

Systolic Blood Pressure

The pressure in the arteries when the heart beats and fills them with blood, representing the top number in a blood pressure reading.

Diastolic Blood Pressure

The pressure in the arteries when the heart rests between beats, representing the minimum pressure within the cardiovascular system during a cardiac cycle.

Cellular Immunity

A part of the immune system that involves the activation of immune cells to fight infections and other diseases.