When deciding what price to charge consumers, the monopolist may choose to charge them different prices based on:
A)the customers' geographical location
B)the customers' age
C)the customers' income
D)all of the above

Question

Quizplus · Accepted Answer

As a monopolist, the seller has complete control over the price. Therefore, they can segment the market and charge different prices to different customer groups based on their willingness to pay. This can be based on factors such as geographical location, age, income, etc. Hence, all the given options are valid for a monopolist to charge different prices.

When Deciding What Price to Charge Consumers, the Monopolist May