A price discriminating monopolist charges the highest priceto a. the oldest grou

Question

A price discriminating monopolist charges the highest priceto a. the oldest group. b. the group with the most elastic demand c. the group with demand that is of unitaryelasticity d. the group with the largest demand e. the group with the least elastic demand A price discriminating monopolist charges the highest priceto a. the oldest group. b. the group with the most elastic demand c. the group with demand that is of unitaryelasticity d. the group with the largest demand e. the group with the least elastic demand

Explanation / Answer

A price discriminating monopolist charges the highest priceto a. the oldest group. b. the group with the most elastic demand c. the group with demand that is of unitaryelasticity d. the group with the largest demand e. the group with the least elasticdemand - inelastic demand meaning that it would not change demandwith change in price, so it would be wise to charge these grouphigher

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