If a Firm Is Able to Charge Each Customer the Maximum

question 200

Multiple Choice

If a firm is able to charge each customer the maximum amount that he or she is willing to pay for its good,

• A)the firm is engaging in rent-seeking behavior
• B)profits for the firm will be lower than for a single-price monopolist
• C)the firm will be violating federal law
• D)this is perfect price discrimination
• E)barriers to entry into the market will fall

---

Definitions:

Physical Address

A unique identifier assigned to hardware devices within a network, used for locating and differentiating devices.

High Limit Light

An indicator or warning light that illuminates when a system or component reaches its maximum permissible level or limit.

Tag

A label or identifier that gives information about data in databases or elements in programming contexts.

One Shot Program

A program or routine that is executed only once upon receiving a specific triggering condition or signal.