A monopolist that engages in perfect price discrimination
A)divides all buyers into two mutually exclusive groups
B)refuses to sell to consumers of certain races, sexes, or creeds
C)charges the same price for every unit sold
D)charges a different price for every unit sold
E)charges buyers who want a little of the good a low price and charges buyers who want a lot of the good a high price

Question

Quizplus · Accepted Answer

A monopolist that engages in perfect price discrimination charges a different price for every unit sold, based on the buyer's willingness to pay. This allows the monopolist to capture all of the consumer surplus and maximize profits.

A Monopolist That Engages in Perfect Price Discrimination