CFA Practice Question

There are 539 practice questions for this study session.

CFA Practice Question

The more perfectly a monopoly can price discriminate, ______
A. the farther its output gets from the competitive output and the less efficient is the outcome.
B. the farther its output gets from the competitive output and the more efficient is the outcome.
C. the closer its output gets to the competitive output and the more efficient is the outcome.
Explanation: The more perfectly a monopoly can price discriminate, the closer its output gets to the competitive output (P = MC) and the more efficient is the outcome.

User Contributed Comments 2

User Comment
Teeto what a perfect explanation!
sarahhazza Is'nt this suppose to be for perfect competition
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