The MAIN Reason a Monopoly Engages in Price Discrimination Is

question 175

Multiple Choice

The MAIN reason a monopoly engages in price discrimination is that:

• A)it wants to discriminate against a particular ethnic group.
• B)doing so increases its profits.
• C)it wants to discourage potential competitors.
• D)by charging a lower price to some people,it may succeed in discouraging efforts to regulate it.

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Definitions:

Inedible

Something that is not suitable or safe for consumption as food.

Puzzle Box

An experimental apparatus used in animal learning research, where an animal must solve a problem or manipulate mechanisms to escape or obtain a reward.

Law of Effect

A principle in psychology that states behaviors followed by positive outcomes are likely to be repeated, while those followed by negative outcomes are less likely to be repeated.

Pleasurable Consequence

A positive outcome or reward that follows a behavior, increasing the likelihood of the behavior being repeated.