When setting prices, on what basis may the monopolist choose to charge alternative customers different prices?
A) marital status
B) age
C) race
D) religion

Question

Quizplus · Accepted Answer

Monopolists may choose to charge different prices based on age, often seen in discounts for seniors or children, as it is a legal and commonly practiced form of price discrimination that can help maximize profits by capturing consumer surplus from different groups. Discrimination based on marital status, race, or religion is illegal and unethical in most jurisdictions.

When Setting Prices, on What Basis May the Monopolist Choose