Multiple Choice
A gas station in the mountains of Oregon has a monopoly over the retail gas market within a 50-mile radius.The station decides not to price discriminate.As a result,all consumers will pay
A) the highest price each consumer is willing to pay.
B) the lowest price possible.
C) a single price.
D) multiple prices.
E) a price that depends on their willingness to pay.
Correct Answer:
Verified
Correct Answer:
Verified
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