Offering discounts to senior citizens is an example of a monopolist _____
A)decreasing profit.
B)sorting customers by age.
C)separating customers in time.
D)meeting minimum legal requirements.
E)being fair to all groups.

Question

Quizplus · Accepted Answer

Offering discounts to senior citizens is a form of price discrimination where a monopolist sorts customers by age, charging different prices to different age groups based on their willingness or ability to pay.

Offering Discounts to Senior Citizens Is an Example of a Monopolist