Monopoly e Due on Nov 25 at 11 PM EST c Back to Attempts: Score: /1 5. Condition
ID: 1113225 • Letter: M
Question
Monopoly e Due on Nov 25 at 11 PM EST c Back to Attempts: Score: /1 5. Conditions for price discrimination Price discrimination is the practice of selling the same good at more than one price when the price differences are not justfied by cost aiferences. Evaluate the following statement: "Price discrimination requires market segregation. O False, because the monopolist can never charge anyone their maximum willingness to pay anyway O False, because the monopolist O True, because the monopolist needs to know the willingness to pay of different groups of consumers O None of these choices O Type here to searchExplanation / Answer
Q.5)
Price discrimination is the practice of selling the same good at more than one price when the price differences are not justified by cost differences.
Evaluate the following statement: "Price discrimination requires market segregation."
ANS)5
ANSWER IS OPTION C TRUE
EXPLANATION
because the monopolist needs to know the willingness to pay of different groups of consumers
the monopolist is required to know the willingness to pay to charge the price.
NOTE: chegg says do 1 qustion at a time ,ask seperately other q