The practice of price discrimination is associated with pure monopoly because
A)it can be practiced whenever a firm's demand curve is downsloping.
B)monopolists have considerable ability to control output and price.
C)monopolists usually realize economies of scale.
D)most monopolists sell differentiated products.

Question

Quizplus · Accepted Answer

Monopolists have the ability to control output and price due to the lack of competition in their market, allowing them to engage in price discrimination by charging different prices to different consumers for the same product, based on their willingness to pay.

The Practice of Price Discrimination Is Associated with Pure Monopoly