Imperfect price discrimination occurs when a monopolist:
A)charges a single price to all buyers.
B)price discriminates but some buyers pay less than their reservation price.
C)price discriminates but some buyers pay more than their reservation price.
D)charges all buyers exactly their reservation price.

Question

Quizplus · Accepted Answer

With imperfect price discrimination, the monopolist price discriminates but at least some buyers are charged less than their reservation price.

Imperfect Price Discrimination Occurs When a Monopolist