Perfect price discrimination draws its name from the fact that:
A)monopolies transformed price discrimination in a form of art.
B)customers do not realize they are discriminated.
C)the monopolist is able to extract the maximum profit from that market.
D)economists always side with the capitalists.

Question

Quizplus · Accepted Answer

Perfect price discrimination allows the monopolist to charge each individual customer their willingness to pay, resulting in the highest possible profit for the monopolist. It is called "perfect" because the monopolist is able to extract the maximum profit from each and every customer in the market.

Perfect Price Discrimination Draws Its Name from the Fact That