
Price Discrimination in Monopolies
Interactive Video
•
Business
•
11th - 12th Grade
•
Hard

Patricia Brown
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key characteristic of a price-discriminating monopolist?
They have a perfectly elastic demand curve.
They charge different prices to different consumers.
They operate in a perfectly competitive market.
They charge the same price to all consumers.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a regular monopoly, how does marginal revenue compare to demand?
Marginal revenue is not related to demand.
Marginal revenue is less than demand.
Marginal revenue is greater than demand.
Marginal revenue is equal to demand.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a regular monopoly, what must a firm do to sell an additional unit?
Increase the price of all units.
Only lower the price of the next unit.
Lower the price of the next unit and previous units.
Keep the price constant.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why does a perfectly price-discriminating monopoly have no consumer surplus?
Because the demand curve is horizontal.
Because all consumers pay the same price.
Because consumers pay exactly what they are willing to pay.
Because the monopoly charges below marginal cost.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the relationship between demand and marginal revenue in a perfectly price-discriminating monopoly?
Demand is unrelated to marginal revenue.
Demand equals marginal revenue.
Demand is less than marginal revenue.
Demand is greater than marginal revenue.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to profit in a perfectly price-discriminating monopoly compared to a regular monopoly?
Profit is the same.
Profit is higher.
Profit is negative.
Profit is lower.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why can't a single price be set in a perfectly price-discriminating monopoly?
Because different consumers are charged different prices.
Because the demand curve is vertical.
Because the monopoly is not profit-maximizing.
Because the marginal cost is always changing.
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