Question: When a monopolist requires a customer to pay an initial fee for the right to buy a product as well as a usage fee for

When a monopolist requires a customer to pay an initial fee for the right to buy a product as well as a usage fee for each unit of the product bought, this is known as a(n):

a.

bundling contract.

b.

price differentiation.

c.

oligopolistic device.

d.

two-part tariff.

e.

maximizing device.

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