A price-discriminating monopolist will set a higher price where demand is more elastic and a lower price where demand is less elastic.

Name: A price-discriminating monopolist will set a higher price where demand is more elastic and a lower price where demand is less elastic.
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A price-discriminating monopolist will set a higher price where demand is less elastic (consumers are less sensitive to price changes) and a lower price where demand is more elastic (consumers are more sensitive to price changes).

A Price-Discriminating Monopolist Will Set a Higher Price Where Demand