A monopoly will practise price discrimination in order to:
A) reduce marketing costs.
B) increase total revenue.
C) reduce average costs of production.
D) give preferential treatment to customers who purchase large quantities.

Question

Quizplus · Accepted Answer

Price discrimination allows a monopoly to charge different prices to different customers based on their willingness to pay, thereby increasing total revenue.

A Monopoly Will Practise Price Discrimination in Order To