If a Monopolist Can Perfectly Price Discriminate,then

question 48

Multiple Choice

If a monopolist can perfectly price discriminate,then

• A)price equals average cost for each unit sold.
• B)price equals marginal cost for each unit sold.
• C)price equals marginal cost for the last unit sold.
• D)the firm can ignore the marginal cost curve.
• E)price is greater than marginal revenue for each unit sold.

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Definitions:

Standard Deviation

A measure of the dispersion or spread in a set of values, indicating how much variation there is from the average (mean).

Mound-Shaped

Refers to a graphical representation of data characterized by a symmetric, bell-shaped curve typical of a normal distribution.

25th Percentile

Refers to the value below which 25% of the data in a data set is found.

Ascending Order

Arranging data points or numbers from the smallest to the largest.