Price Discrimination, Where Different Units of a Good Are Sold

question 494

Multiple Choice

Price discrimination, where different units of a good are sold for different prices

• A) is impossible because there can only be one market price.
• B) can be effectively practiced by all monopolists.
• C) maximizes consumer welfare because each consumer pays only the price he or she is willing to pay.
• D) is possible if the good cannot be resold.

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Definitions:

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