A Monopoly Will Not Be Able to Perfectly Price Discriminate

question 61

Multiple Choice

A monopoly will not be able to perfectly price discriminate if

• A) obtaining information about each buyer's reservation price is too costly.
• B) demand is very elastic.
• C) demand is very inelastic.
• D) resale is impossible.

---

Definitions:

Fine Touch

Refers to the ability to discern fine details through the sense of touch, often involving the perception of texture, size, and shape.

Acute Alcohol Intoxication

A condition resulting from the consumption of a large volume of alcohol in a short period, impacting mental and physical functions.

Cerebral Injury

Damage to the brain from an external physical force, potentially leading to decreased brain function or death.

Peripheral Neuropathy

A condition resulting from damage to the peripheral nerves, causing weakness, numbness, and pain, typically in the hands and feet.