How Is It Logically Possible for a Monopolist to Get

question 20

Multiple Choice

How is it logically possible for a monopolist to get different consumers to purchase different bundles on a menu (such as different sizes of coffee cups) ,and thereby achieve a form of price discrimination,even if the firm cannot observe the consumers' valuations directly?

• A)Different types of consumers have different tradeoffs between money and amounts of the good.
• B)The monopolist can use a market-separation strategy.
• C)Social norms are powerful deterrents to lying about one's type.
• D)This is impossible: if one bundle is preferred by one type,logically it will be preferred by all.

---

Definitions:

Polygamy

Expands the nuclear family “horizontally” by adding one or more spouses (usually women) to the household.

Spouses

Individuals legally or socially united in marriage, partnering to navigate life’s endeavors together.

Marriage

Is a legally and socially sanctioned union, typically between two individuals, that is regulated by laws, customs, beliefs, and practices that confer rights and obligations to the partners.

Traditional Nuclear Family

A family structure comprising two parents (male and female) and their biological or adopted children, historically considered the societal norm.