Question

When deciding what price to charge consumers, the monopolist may choose to charge them different prices based on the customers:______.

Answer 1

When deciding what price to charge consumers, the monopolist may choose to charge them different prices based on the customers income level.

Given that monopolist chooses different prices from different customers.

We are required to give the basis on which the monopolist may charge different prices from different customers.

Monopoly is a situation in which the producer or seller charges comparatively high prices from customers.

So, the monopolist may choose to charge the different prices from different customers based on the income level of customers.

Hence when deciding what price to charge consumers, the monopolist may choose to charge them different prices based on the customers income level.

Learn more about monopoly at brainly.com/question/13113415

#SPJ4