When a monopolist practises price discrimination,the monopolist's profits will be lower than it is in a single-price monopoly.

Question

Quizplus · Accepted Answer

When a monopolist practices price discrimination, it can segment the market and charge higher prices to customers with a higher willingness to pay. This increases the total revenue and profits of the monopolist compared to a single-price monopoly. Therefore, the statement is false.

When a Monopolist Practises Price Discrimination,the Monopolist's Profits Will Be