Which of the Following Statements About a Monopoly Practicing Perfect

question 71

Multiple Choice

Which of the following statements about a monopoly practicing perfect price discrimination is correct?

• A)The profit-maximizing criterion is MR = P,the same as for perfect competition.
• B)The demand curve is also the marginal-revenue curve.
• C)It will charge higher prices in those market segments with more elastic demand.
• D)The output will always be less than that produced by a single-price monopolist.
• E)Total costs will be lower than that of a single-price monopolist.

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