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    Question: What is the practice by a monopolist of charging each buyer the highest price he/she is willing to pay is called?

    © BrainMass Inc. brainmass.com March 4, 2021, 8:03 pm ad1c9bdddf
    https://brainmass.com/economics/cost-benefit-analysis/141250

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    It is known as first degree price discrimination. IT is a form of price discrimination in which a seller charges ...

    Solution Summary

    This solution briefly explains the practice of price discrimination by monopolists. This is completed in over 60 words.

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