With No Price Discrimination, the Monopolist Sells Every Unit at the Same

question 66

Multiple Choice

With no price discrimination, the monopolist sells every unit at the same price. Therefore

• A) marginal revenue is equal to price.
• B) marginal revenue is equal to average revenue.
• C) price is greater than marginal revenue.
• D) Both a and b are correct.

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Definitions:

Discharged

Released from a legal duty or liability, often used in contexts as being discharged from a contractual obligation or from bankruptcy.

Future Wages

Earnings that an individual is expected to receive from their employment in the upcoming period.

Statutes

Written laws passed by a legislative body at the national or state level.

Gratuitous Assignment

The act of transferring rights or interests from one party to another without requiring any consideration or payment in return.