A single-price (pure, profit maximising) monopoly:Group of answer choicessells each unit of its output for the single, highest price that the buyer of that unit is willing to pay.asks each consumer what single price they would be willing to pay.sets a single price for all consumers.sets a single, different price for each of two different groups.

A pure monopoly is a price engaging in non-price competition.

A monopolist's profits with price discrimination will beGroup of answer choiceslower than if the firm charged a single, profit-maximizing price.higher than if the firm charged a single price because the costs of selling the good will be lower.the same as if the firm charged a single, profit-maximizing price.higher than if the firm charged just one price because the firm will capture more consumer surplus.

The more block prices a monopoly can set instead of setting a single price, the

In the market equilibrium, a single-price monopolist:    [Tick all that apply][Note: selecting wrong answers means you lose points again. So choose carefully!]Group of answer choicesalways generates lower total surplus than if the market was perfectly competitiverestricts output to increase profitscharges a price higher than the marginal costalways produces at an efficient scaleneeds to know the precise willingness to pay of each customer

Pure monopoly is a market structure in which one firm sells a(n) product, into which entry is , in which the single firm has control over the product price, and in which non-price competition may or may not be found.