A Profit-Maximizing Monopolist Is Able to Practice Third-Degree Price Discrimination

question 19

True/False

A profit-maximizing monopolist is able to practice third-degree price discrimination. If he charges p₁ in market 1 and p₂ in market 2, where p₁ > p₂, the quantity sold in market 1 must be smaller than the quantity sold in market 2.

---

Definitions:

Messages Received

Communications delivered to and stored in an inbox, such as emails, SMS, or app notifications.

Quick Part

A feature in some applications that allows users to insert preformatted text, documents parts, or media with a few clicks.

Reuse

The practice of using existing resources or components in new ways or in new contexts to save time, reduce costs, or leverage functionality.

Unwanted Messages

Messages that the recipient does not wish to receive, often considered spam.