A Petrol Station on a Remote Stretch of the Stuart

Multiple Choice

A petrol station on a remote stretch of the Stuart Highway in the Northern Territory has a monopoly over the retail petrol market for hundreds of kilometres. The station decides not to price discriminate. As a result, all consumers will pay

A) the lowest price possible.
B) multiple prices.
C) a price that depends on their willingness to pay.
D) the highest price each consumer is willing to pay.
E) a single price.