The practice of charging different prices on the basis of varying ...

[AEWBW]

The practice of charging different prices on the basis of varying customer preferences is known as:
 a. arbitrage.
  b. discounting.
  c. price discrimination.
  d. rationing.

Question 2

If a monopolist is producing at a point at which marginal revenue is greater than marginal cost, then it should:
 a. continue producing at the current level.
  b. raise its prices.
  c. lower its prices.
  d. increase the level of production.
  e. decrease the level of production.

[shaquita]

Answer to Question 1

C

Answer to Question 2

d

[AEWBW]

YES! Correct, THANKS for helping me on my review

[atrochim]

Thanks for the timely response, appreciate it