Which of the following are CORRECT statements regarding a single price monopoly and price discriminating monopoly? Select ONLY THOSE THAT APPLY.
Select 2 correct answer (s)
a. A single price monopoly charges different prices to different groups of customers.
b. Firms practice price discrimination because it increases their profits.
c. All else equal, a single price monopoly is more efficient than a price discriminating monopoly
d. Microsoft is a company that practices price discrimination.