A Monopolist Is Able to Practice Third-Degree Price Discrimination Between

question 6

Multiple Choice

A monopolist is able to practice third-degree price discrimination between two markets.The demand function in the first market is q = 500 - 2p and the demand function in the second market is q = 1,500 - 6p.To maximize his profits, he should

• A)charge a higher price in the second market than in the first.
• B)charge a higher price in the first market than in the second.
• C)charge the same price in both markets.
• D)sell only in one of the two markets.
• E)None of the above.

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