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Use the Figure Below to Answer the Following Questions

Question 40

Multiple Choice

Use the figure below to answer the following questions.
Use the figure below to answer the following questions.     Figure 13.4.2 -Refer to Figure 13.4.2. Assume this monopolist practises perfect price discrimination. This means that A) the monopoly's behaviour is illegal. B) one price is charged to young people and a different price to older people. C) a different price can be charged to each buyer. D) price will rise as the number of buyers increases. E) the quantity sold will be less compared to the case of no price discrimination.
Figure 13.4.2
-Refer to Figure 13.4.2. Assume this monopolist practises perfect price discrimination. This means that


A) the monopoly's behaviour is illegal.
B) one price is charged to young people and a different price to older people.
C) a different price can be charged to each buyer.
D) price will rise as the number of buyers increases.
E) the quantity sold will be less compared to the case of no price discrimination.

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