Which of the following is TRUE?

A) Monopoly results in a higher quantity of output being sold compared with perfect competition.
B) Price discrimination occurs when there are differences in prices that reflect differences in marginal cost.
C) Charging all customers the same price when costs vary can actually be a case of price discrimination.
D) Price discrimination guarantees that the monopolist will make a profit.

C

Economics

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Which of the following is an obstacle to economic growth?

a. Political instability b. Government support for private industry c. Slow population growth d. Enforcement of private property rights e. The inability of special interest groups to block changes in economic policy

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A monopolist's total revenue curve:

a. starts high, rises, and then declines. b. starts low, declines, and then rises. c. starts high, declines, and then rises. d. starts low, rises, and then declines.

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