When deciding what price to charge consumers, the monopolist may choose to charge them different prices based on the customers'
A)favorite color.
B)favorite school subject.
C)marital status.
D)geographical location.

Question

Quizplus · Accepted Answer

Monopolists may engage in price discrimination, which involves charging different prices to different consumers based on their willingness to pay. Charging different prices based on geographical location is a common form of price discrimination because it can reflect differences in demand elasticity, transportation costs, or competition levels across different areas.

When Deciding What Price to Charge Consumers, the Monopolist May