Join the IDNLearn.com community and start exploring a world of knowledge today. Our community provides timely and precise responses to help you understand and solve any issue you face.
Sagot :
A monopolist that practices perfect price discrimination will have a a greater total revenue and sell a greater output than if it were not practicing price discrimination.
A monopolist is a single seller in an industry. The monopolist produces all the output in the industry. A monopolist has a downward sloping demand curve. She also sets the price for her products
Price discrimination is when the same product is sold at different prices to customers in different markets. Perfect price discrimination is when sellers charge each consumer at their reservation price in order to eliminate consumer surplus. Perfect price discrimination encourages consumers to buy more products. This increases quantity sold.
For more information, please check: https://brainly.com/question/17041384
Thank you for contributing to our discussion. Don't forget to check back for new answers. Keep asking, answering, and sharing useful information. Thank you for visiting IDNLearn.com. We’re here to provide accurate and reliable answers, so visit us again soon.