The reason monopolists try to devise more sophisticated pricing schemes is that:
A)all of them have a strong entrepreneurial spirit.
B)they hold an MBA degree and want to show off.
C)they are interested in finding ways to increase their profits.
D)they are trying to make an easy buck at the expense of consumers.

Question

Quizplus · Accepted Answer

Monopolists are interested in finding ways to increase their profits, and devising more sophisticated pricing schemes is one of the ways to achieve that goal. By charging different prices to different customers or in different situations, monopolists can extract more value from their market power. This is not necessarily an unethical or illegal practice, but it can harm consumers if it leads to higher prices or reduced quality.

The Reason Monopolists Try to Devise More Sophisticated Pricing Schemes