When comparing a perfectly competitive firm and a (single-price) monopolist, a major difference i that Select one: a. the perfect competitor achieves productive efficiency, but the monopolist does not. b. the perfect competitor produces where P = MC, but the monopolist does not. Oc. the perfect competitor minimizes its costs, but the monopolist does not. d. the monopolist produces where MR = MC, but the perfect competitor does not. e. the monopolist achieves allocative efficiency but the perfect competitor does not. O

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Price Discrimination

Price discrimination or differential pricing is based on the principle that the seller will charge the buyer a price based on the buyer’s ability and willingness to pay for the product rather than applying uniform pricing for all.