Question

Explain price discrimination by a monopolist.​

Answer 1

Answer:

A discriminating monopoly is a single entity that charges different prices—typically, those that are not associated with the cost to provide the product or service—for its products or services for different consumers. ... By catering to each type of customer, the monopoly makes more profit.

Explanation:

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Answer 2

Answer:

A discriminating monopoly is a single entity that charges different prices—typically, those that are not associated with the cost to provide the product or service—for its products or services for different consumers. ... By catering to each type of customer, the monopoly makes more profit