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This is known as 'take - it - or - leave - it ' price discrimination, because in negotiating with each buyer, the monopolist charges
This is known as 'takeitorleaveit price discrimination, because in negotiating with each buyer, the monopolist charges nim the maximum price he is willing to pay under the threat of denying the selling of any quantity to him: He offers "Take it or "Leave It choice. In this case, the demand curve also becomes the MR curve of the monopolist"
Which kind of price discrimination is mentioned in the above case?
Select the correct response:
Thirddegree price discrimination
Intertemporal price discrimination
Firstdegree price discrimination
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