With which pricing strategy is the quantity of output for the firm determined by setting marginal cost equal to price?

Group of answer choices

second-degree price discrimination

peak-load pricing

third-degree price discrimination

contestable market

commodity bundling

You are the manager of a monopoly that sells a product to four groups of consumers in different parts of the country.Your marginal cost of production is $15.Group A's price elasticity of demand is -2.5, Group B's is -2, Group C's is -1.2, and Group D's is -3.Order the groups from low to high based on the price you will charge.Remember, the first group will be charged the lowest price and the last will be charged the highest price.

Group of answer choices

D, C, B, A

C, B, A, D

D, A, B, C

A, B, C, D

None of the choices listed is correct.