CFA Practice Question

There are 539 practice questions for this study session.

CFA Practice Question

When a price-discriminating monopolist offers a senior discount, its total profit is likely to be ______.

A. lower than the total profit obtained from a single-price policy
B. higher than the total profit obtained from a single-price policy
C. the same as the total profit obtained from a single-price policy
Correct Answer: B

Price discrimination results in higher profit.

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