When a Monopolist Practices Third-Degree Price Discrimination,price Will Be

question 79

Multiple Choice

When a monopolist practices third-degree price discrimination,price will be:

• A)the same in each market if resale is not possible.
• B)higher in the market with the less elastic demand.
• C)higher in the market with the higher average cost.
• D)higher in the market will less number of consumers.

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Definitions:

Financial Statements

Reports that give a snapshot of a company's financial health, featuring the balance sheet, income statement, and cash flow statement.

Published Financial Statements

Official documents released by a company detailing its financial performance over a specific period, including balance sheets, income statements, and cash flow statements.

Professional Analysts

Individuals who evaluate investments, the performance of stocks, bonds, and other securities, to provide recommendations or insights to investors.

Timeliness

The principle that financial information must be presented to users early enough to influence their decisions.