In reality, perfect price discrimination is
A)used by about 75 percent of all monopolies.
B)used by about 50 percent of all monopolies.
C)seldom used by monopolies because it leads to lower profits.
D)rarely possible.

Question

Quizplus · Accepted Answer

Perfect price discrimination requires the monopolist to have complete information about each individual consumer's willingness to pay, which is rarely possible in reality. Therefore, perfect price discrimination is rarely possible in practice.

In Reality, Perfect Price Discrimination Is