-If the monopoly illustrated in the figure above could engage in perfect price discrimination, then each buyer would pay
A) $2.00.
B) $3.00.
C) $3.50.
D) a different price.

Question

-If the monopoly illustrated in the figure above could engage in perfect price discrimination, then each buyer would pay
A) $2.00. 
B) $3.00. 
C) $3.50. 
D) a different price.

Quizplus · Accepted Answer

In perfect price discrimination, a monopoly charges each consumer the maximum price they are willing to pay, resulting in each buyer paying a different price.

-If the Monopoly Illustrated in the Figure Above Could Engage