Asked by
Litzy Trevino
on Oct 27, 2024Verified
When a monopolist practices price discrimination as opposed to setting a single price,the monopolist sells more and increases profits.
Price Discrimination
A method where a single provider offers identical or nearly identical items or services at different price points in various markets.
Profits
The difference between the revenue a company earns from selling its products or services and its total costs.
- Gain an understanding of the notion and impacts of price discrimination in monopolies and oligopolies.
Verified Answer
AA
Learning Objectives
- Gain an understanding of the notion and impacts of price discrimination in monopolies and oligopolies.
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