If a Firm Is Able to Price-Discriminate

question 33

Multiple Choice

If a firm is able to price-discriminate:

• A) some groups of the population will benefit.
• B) the monopolist earns a lower profit but all consumers gain.
• C) all consumers are worse off.
• D) both the monopolist and the consumer are worse off.

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Definitions:

Without Distortion

Refers to the condition of a material or component after undergoing a process (such as machining, welding, or forming) where it retains its original shape and dimensions.

Symbol For Seconds

The symbol "s" or "sec" used to denote seconds, the base unit of time in the International System of Units (SI).

Angular Dimension

A type of measurement indicated in drawings that specifies the angle between two lines or surfaces.

Angle

A measure of rotation or the inclination between two lines or surfaces that intersect at a point.