A single- price monopoly charges the same price
A) even if the demand curve shifts.
B) to all customers for each unit of output they buy.
C) at all times and that price equals the firm's marginal revenue.
D) even if its cost curves shift.

Question

Quizplus · Accepted Answer

A single-price monopoly charges the same price to all customers for each unit of output they buy, regardless of the quantity purchased. This is the defining characteristic of a single-price monopoly, as opposed to price discrimination where different prices are charged to different customers or for different quantities.

A Single- Price Monopoly Charges the Same Price