When a monopolist practises price discrimination as opposed to setting a single price,the monopolist sells less but increases profits.

Name: When a monopolist practises price discrimination as opposed to setting a single price,the monopolist sells less but increases profits.
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Question

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Price discrimination allows a monopolist to sell more units at different prices to different consumers, potentially increasing both sales and profits compared to setting a single price.

When a Monopolist Practises Price Discrimination as Opposed to Setting