Multiple Choice
If a price-discriminating monopoly charges a lower price to individuals in city X, it is likely that the firm
A) believes that the demand of individuals in city X is relatively inelastic.
B) believes that the demand of individuals in city X is relatively elastic.
C) wants to shift the demand of individuals in city X.
D) cares about the well-being of the individuals in city X.
Correct Answer:
Verified
Correct Answer:
Verified
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