Price discrimination is possible, in part, because
A) costs of production vary as output increases.
B) monopolies are regulated.
C) monopolies don't profit maximize.
D) the willingness to pay can vary among groups of buyers.
E) monopolies face horizontal demand curves.
D
Economics
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Profits will be
A. high, regardless of the degree of rivalry if there are no entry barriers. B. low, when the degree of rivalry is high. C. high, when the degree of rivalry is high. D. low, when the degree of rivalry is low.
Economics