A Price Discriminating Monopolist Will

question 356

Multiple Choice

A price discriminating monopolist will

• A) charge a lower price to those consumers who have more elastic demand.
• B) charge a higher price to those consumers who have more inelastic demand.
• C) charge more to those consumers who have more substitute goods.
• D) charge the same price to all consumers.

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Definitions:

Center

In geometry, the central point of a circle or sphere, equidistant from all points on the perimeter or surface; in other contexts, it refers to a focal point or main area of activity.

Point

A location in space, often defined by its coordinates in a given dimension.

Center

The midpoint of a geometric shape or object, or the average position of all the points in the shape.

Radius

The distance from the center of a circle to any point on its circumference, or from the center of a sphere to any point on its surface.