When a monopolist is able to sell its product at different prices,what is it engaging in
A)distribution pricing
B)quality-adjusted pricing
C)price selection
D)price discrimination

Question

Quizplus · Accepted Answer

Price discrimination is the practice of selling a product or service at different prices to different customers, even though there is no difference in the cost of producing or providing the product or service. This allows the monopolist to maximize its profits by charging different prices to different customers based on their willingness to pay.

When a Monopolist Is Able to Sell Its Product at Different