When a monopolist practices price discrimination as opposed to setting a single price,the monopolist sells more and increases profits.

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Price discrimination allows the monopolist to charge different prices to different consumers, based on their willingness to pay. This allows them to sell more to price-sensitive consumers while still charging a higher price to consumers who are willing to pay more. This increases the monopolist's overall profits.

When a Monopolist Practices Price Discrimination as Opposed to Setting