Which of the following statements is TRUE about pricediscrimination?

Question

Quizplus · Accepted Answer

Price-discriminating monopolists can increase their profits by charging different prices to different groups of consumers based on their willingness to pay. This often leads to an increase in output and total surplus because the monopolist can sell to more consumers who would not have purchased at a higher single price. Additionally, price discrimination is not always illegal in the United States; it is only illegal if it reduces competition or harms consumers.

Which of the Following Statements Is TRUE About Pricediscrimination