If a Monopoly Charges Higher Prices to Consumers Who Buy

question 24

Multiple Choice

If a monopoly charges higher prices to consumers who buy smaller quantities than to consumers who buy larger quantities,then

• A) consumer surplus is larger than under single-price monopoly.
• B) social welfare is larger than under perfect competition.
• C) the monopoly's profits are larger than under single-price monopoly.
• D) the monopoly's profits are larger than under perfect price discrimination.

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Definitions:

Performance Pyramid

A framework used for measuring an organization’s performance across multiple dimensions, such as financial, operational, and customer perspectives.

Strategic Control

The process of monitoring and adjusting an organization's strategy to respond to changes in the internal and external environment.

Organizational Flexibility

The capacity of an organization to adapt rapidly and efficiently to changes in the external and internal environments.

Mistakes

Mistakes are actions or decisions made due to error, misunderstanding, or oversight, often leading to undesirable outcomes or lessons learned.