If a Monopolist Engages in Price Discrimination, It Will

question 96

Multiple Choice

If a monopolist engages in price discrimination, it will

• A)realize a smaller profit.
• B)charge a higher price where individual demand is inelastic and a lower price where individual demand is elastic.
• C)produce a smaller output than when it did not discriminate.
• D)charge a competitive price to all its customers.

---

Definitions:

Counteracting Globalization

Efforts aimed at resisting or managing the effects of globalization in order to preserve local cultures, economies, and environments.

Global Homogeneity

The process or state where cultures around the world become increasingly similar to one another, often due to globalization and the spread of Western culture.

Global Diversity

Refers to the variety and differences among people and cultures around the world.

Semiperipheral Country

A nation that is intermediate between the core and periphery countries in the global economy, exhibiting traits of both industrialization and dependency.