In this module, you've learned a lot about monopolies and how they impact prices. In many industries, such as construction and home repairs, prices are set individually for each customer, rather than according to a posted price list.

In your initial post to this discussion, address the following prompt based on what you've learned in this module:

• Explain why such firms might be able to engage in price discrimination.
• If you were hiring such a firm, what should you do to obtain the lowest possible price?