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:

Psychotic Behavior

It refers to patterns of thought and behavior that are markedly out of touch with reality, often including delusions and hallucinations.

Psychoanalytic Therapy

A therapeutic approach developed by Sigmund Freud, aiming to explore unconscious conflicts and motivations to treat psychological disorders.

Personality

A person's unique patterns of thoughts, feelings, and behaviors that persist over time and across situations.

East Asia

A geographical region that includes countries such as China, Japan, Korea, and Taiwan, known for its rich cultural heritage and economic significance.