Distinguish between a price-discriminating monopoly and a ...

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Distinguish between a price-discriminating monopoly and a single-price monopoly.
 
  What will be an ideal response?

Question 2

Normative analysis is concerned with what ought to be, while positive analysis is concerned with what is.
 
  Indicate whether the statement is true or false

[Bison]

Answer to Question 1

A single-price monopoly charges every consumer the same price for each unit of the good or service the consumer buys. A price-discriminating monopolist might charge different consumers different prices for the same good or service or charge the same consumer different prices for different units of the good or service. When a firm practices price discrimination, it sells different units of a good or service for different prices.

Answer to Question 2

TRUE

[formula1]

Thank you

[Bison]

Happy to help you