A price discriminating pure monopolist will attempt to charge each buyer (or group of buyers)
A) different prices to compensate for differences in the characteristics of the product.
B) the same price if per unit cost is constant for each unit of the product.
C) that price that equals the buyer's marginal cost.
D) the maximum price each would be willing to pay.

Question

Quizplus · Accepted Answer

A price discriminating pure monopolist will attempt to charge each buyer the maximum price they would be willing to pay in order to extract as much consumer surplus as possible. This is often achieved by offering different prices to different groups of buyers based on their willingness to pay, as the monopolist can then capture a larger portion of the consumer surplus.

A Price Discriminating Pure Monopolist Will Attempt to Charge Each