Which of the Following Statements About a Monopoly Practicing Perfect

Multiple Choice

Which of the following statements about a monopoly practicing perfect price discrimination is correct?

A) The profit-maximizing criterion is MR = P,the same as for perfect competition.
B) The demand curve is also the marginal-revenue curve.
C) It will charge higher prices in those market segments with more elastic demand.
D) The output will always be less than that produced by a single-price monopolist.
E) Total costs will be lower than that of a single-price monopolist.