Suppose a Single-Price Monopolist Is Considering Becoming a Price Discriminating

question 17

Multiple Choice

Suppose a single-price monopolist is considering becoming a price discriminating monopolist.If the firm does begin to price discriminate,it can expect to:

• A)decrease its output and increase its profit.
• B)run into legal trouble with the anti-trust enforcers.
• C)increase its output,but decrease its profits.
• D)increase both its output and its profit.

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Definitions:

Reconstruction

The period after the Civil War in the United States, from 1865 to 1877, focused on the federal government's efforts to restore and rebuild the Southern states that had seceded and integrate African American slaves into society as free men and women.

Economic Essence

The core or fundamental aspect of an economy, typically referring to its main drivers such as industry, services, or technologies that determine economic health.

Political Agenda

A set of priorities or objectives set by politicians or political parties, often outlining proposed policies and goals.

Reconstruction

The period after the American Civil War when the southern states were reintegrated into the Union and efforts were made to extend civil rights to freed slaves.