Which of the following products would most easily lend itself to successful price discrimination by a monopolist?

Question

Quizplus · Accepted Answer

Electricity would most easily lend itself to successful price discrimination by a monopolist. This is because electricity can be easily differentiated into different consumer groups (such as residential, commercial, and industrial customers) based on usage patterns, and monopolists often have access to information about the specific needs and willingness to pay of each group. This allows the monopolist to charge higher prices to those with a greater ability to pay, while still capturing the maximum possible revenue from those with less ability to pay.

Which of the Following Products Would Most Easily Lend Itself