If the Monopolist Can Discriminate Between Buyers, Then It Is

question 46

Multiple Choice

If the monopolist can discriminate between buyers, then it is optimal to charge:

• A) a higher price to the buyers with high elasticity of demand, and a lower price to the buyers with low elasticity of demand.
• B) a lower price to all buyers.
• C) a higher price to all buyers.
• D) a lower price to the buyers with high elasticity of demand, and a higher price to the buyers with low elasticity of demand.

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Definitions:

Personal Selling

A sales technique involving direct interaction between a salesperson and a customer with the goal of persuading the customer to purchase a product or service.

Public Relations

The practice of managing and disseminating information from an organization to the public to influence their perception and maintain a positive image.

Direct Marketing

A form of advertising where companies provide physical marketing materials to consumers to communicate information about a product or service.

Consumer Product

A good or service that is intended for personal use or consumption by the general public.