Monopolists are engaging in price discrimination when they charge all customers the same price.

Name: Monopolists are engaging in price discrimination when they charge all customers the same price.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Monopolists engage in price discrimination when they charge different prices to different customers based on their willingness to pay or other characteristics such as age or location. Charging all customers the same price is called uniform pricing.

Monopolists Are Engaging in Price Discrimination When They Charge All