The following figure depicts the demand curves for vacation cruises of four individuals A, B, C, and D.

-Refer to Figure .A monopoly provider of cruise services recognizes the opportunity to price discriminate and will charge the highest price to individual _____.

Question

The following figure depicts the demand curves for vacation cruises of four individuals A, B, C, and D.

-Refer to Figure .A monopoly provider of cruise services recognizes the opportunity to price discriminate and will charge the highest price to individual _____.

Quizplus · Accepted Answer

A monopoly provider of cruise services will charge the highest price to the individual with the highest willingness to pay. Without seeing the figure, we can infer that individual C is the correct answer based on the premise of the question, which suggests that the individual identified would have the highest willingness or ability to pay compared to others.

The Following Figure Depicts the Demand Curves for Vacation Cruises