When a monopolist is able to sell its product at different prices, it is engaging in:

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Price discrimination occurs when a monopolist charges different prices for the same product to different consumers. This allows the monopolist to capture more consumer surplus and increase profits. It is not necessarily exploitative, as some consumers may be willing to pay more for the product than others. Predatory pricing is a strategy used by a dominant firm to drive competitors out of business by temporarily setting prices below cost, while price differentiation is a broader term that refers to any strategy that involves offering different prices to different customers based on factors such as time, location, or quantity purchased.

When a Monopolist Is Able to Sell Its Product at Different