A single-price monopolist is
A)able to use price discrimination to increase profits
B)protected from competition by patents and copyright laws
C)one that charges the same price for all units of output
D)illegal in the United States
E)less efficient than a multi-price monopoly

Question

Quizplus · Accepted Answer

A single-price monopolist charges the same price for all units of output. This means that all consumers will face the same price and the monopolist will not be able to use price discrimination to increase profits. The other options are incorrect: a monopolist may be protected by patents and copyright laws, but this is not what defines a single-price monopolist; single-price monopolies are not illegal in the United States; and it is not necessarily less efficient than a multi-price monopoly.

A Single-Price Monopolist Is