Assume a profit-maximizing monopolist is able to price discriminate, dividing its consumers into two distinct groups charging each a different price. Based on this information, which of the following is true?
A
The monopolist would earn greater profit charging each consumer the same price, not charging two different prices.
B
The price discrimination can only be successful if one group can resell the product but the other group cannot.
C
The group with the more elastic demand will pay the lower price.
D
The consumers with less willingness to pay will pay the higher price.
E
The group with greater production costs will pay a lower price.