Monopolists Sometimes Practice Price Discrimination to _____

question 139

Multiple Choice

Monopolists sometimes practice price discrimination to _____

• A)decrease output.
• B)increase deadweight loss.
• C)get rid of surplus product.
• D)increase profit.
• E)out of fairness to disadvantaged groups.

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Definitions:

Civil Libertarians

Advocates or defenders of the rights and freedoms guaranteed to individuals by law, particularly those related to the protection of civil liberties against government infringement.

Department of Justice

A federal executive department of the U.S. government responsible for the enforcement of the law and administration of justice.

Basic Freedoms

Basic freedoms are fundamental rights or liberties considered essential for human dignity and social development, often protected by law, including freedom of speech, religion, press, assembly, and petition.

Major Recession

Refers to a significant period of economic decline across a country or the world, marked by high unemployment rates, falling stock markets, and reduced industrial production.