« previous next »

Author Question: Price discrimination is possible in which of the following market structures? a. perfect ... (Read 40 times)

Haya94

  • Hero Member
  • *****
  • Posts: 558
on: Jun 29, 2018
Price discrimination is possible in which of the following market structures?
 
  a. perfect competition
  b. monopoly
  c. oligopoly
  d. monopolistic competition
  A) a, b, c, and d B) c and d only C) b and c only D) b, c, and d only

Question 2

Explain why the monopolist has no supply curve?
 
  What will be an ideal response?
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


hollysheppard095

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A supply curve shows the relationship between the price of a product and the quantity that suppliers are willing and able to supply. The monopolist selects its profit-maximizing output by equating marginal revenue to marginal cost and takes the price dictated by the demand curve. Thus, there is no array of prices and quantities supplied.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Schematic of typical animal cell depicting the various organelles and structures. Schematic of typical animal cell depicting the various organelles and structures.
Spina bifida. (A) Spina bifica occulta; the vertebra is not complete, but there is no protrusion of Spina bifida. (A) Spina bifica occulta; the vertebra is not complete, but there is no protrusion of
Major Structures of the Eye Major Structures of the Eye
Question About Lewis Dot Structures Question About Lewis Dot Structures
Layers and Major Structures of the Skin Layers and Major Structures of the Skin
The Spinal Cord Is Protected by the Bony Structures of the Vertebrae. This Drawing of a Cervical Ver The Spinal Cord Is Protected by the Bony Structures of the Vertebrae. This Drawing of a Cervical Ver
Video: Oxygen transport: association and dissociation & Factors that affect hemoglobin's saturation with O2

For a complete list of videos, visit our video library