Why can a price discriminating monopolist be both more profitable and more efficient (i. e., produce greater net benefits for society)? Group of answer choices Because it charges a lower price than a single price monopolist. Because it is more socially conscious than a single price monopolist. Because it supplies a higher quantity of output than a single price monopolist.

Because it supplies a higher quantity of output than a single price monopolist.

Explanation:

In monopoly, there is a single producer or seller of a product and the seller is called the monopolist. A monopolist has control over the price and demand, and supply decisions, therefore setting price in a way that maximum profit can be gotten.

When the monopolist charges different prices from the consumers for the same product, it is called price discrimination. A price discrimination monopolist can be more efficient and profitable because a higher quantity of output is supplied than the monopolist who offers a single price.

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