A Perfectly Price-Discriminating Monopolist Is Able to

question 166

Multiple Choice

A perfectly price-discriminating monopolist is able to

• A)maximize profit and produce a socially optimal level of output.
• B)maximize profit, but not produce a socially optimal level of output.
• C)produce a socially optimal level of output, but not maximize profit.
• D)exercise illegal preferences regarding the race and/or gender of its employees.

Identify legal responsibilities and rights of parties in sales contracts, including buyers, sellers, manufacturers, and dealers.

Analyze the legal consequences of breach of contract in sales transactions.

Understand consumer protection laws and their impact on sales, warranties, and deceptive practices.

Analyze the role and limitations of the Sale of Goods Act concerning negotiation and title transfer.