Price Discrimination by a Monopoly

question 288

Multiple Choice

Price discrimination by a monopoly

• A) increases consumer surplus.
• B) decreases consumer surplus.
• C) increases the firm's profit.
• D) Both answers B and C are correct.

---

Definitions:

Sophisticated Computer

A highly advanced and complex computer system capable of performing intricate tasks or simulations, often used in professional or research contexts.

Browsewrap Agreement

A type of online contract that is assumed to be accepted by a user through the use of the website, without requiring explicit consent.

Arbitration Clause

A provision in a contract that requires the parties to resolve disputes through arbitration rather than through the court system.

Enforceable

Capable of being imposed or brought into effect legally, typically referring to contracts, agreements, or laws.