A Single-Price Monopoly

question 360

Multiple Choice

A single-price monopoly

• A) sets a single, different price for each consumer.
• B) sets a single price for all consumers.
• C) asks each consumer what single price they would be willing to pay.
• D) sets a single, different price for each of two different groups.
• E) sells each unit of its output for the single, highest price that the buyer of that unit is willing to pay.

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Definitions:

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