Monopolists sometimes practice price discrimination to _____
A)decrease output.
B)increase deadweight loss.
C)get rid of surplus product.
D)increase profit.
E)out of fairness to disadvantaged groups.

Question

Quizplus · Accepted Answer

Monopolists engage in price discrimination to increase their profits. By charging different prices to different consumers based on their willingness to pay, the monopolist can capture a larger portion of consumer surplus and increase their overall profits. This can be done through various methods such as offering discounts, coupons, or different pricing plans for different groups of consumers.

Monopolists Sometimes Practice Price Discrimination to _____