CFA Practice Question

There are 539 practice questions for this study session.

CFA Practice Question

A price-discriminating monopolist will charge the lowest price to the group with the ______.

A. most elastic demand
B. most inelastic demand
C. most people in it
D. least people in it
E. greatest willingness to pay
Correct Answer: A

A price-discriminating monopolist will charge the lowest price to those with the most elastic demand and raise the price to the group with less elastic demand.

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