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Sagot :
Price discrimination is a rational strategy for a profit-maximizing monopolist where a monopolist is a price taker.
What is monopoly?
A monopoly is a dominant position of an industry or a sector by one company, to the point of excluding all other viable competitors. Monopolies are dangerous because they can become immensely powerful and use this power to further benefit themselves and gain even more power. A monopolist can raise the price of a product without worrying about the actions of competitors. In a perfectly competitive market, if a firm raises the price of its products, it will usually lose market share as buyers move to other sellers.
Learn more about monopoly, refer:
https://brainly.com/question/16084484
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