This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Distinguish between a price-discriminating monopoly and a single-price monopoly. What will be an ... (Read 127 times)

formula1

  • Hero Member
  • *****
  • Posts: 666
on: Jun 29, 2018
Distinguish between a price-discriminating monopoly and a single-price monopoly.
 
  What will be an ideal response?

Question 2

Normative analysis is concerned with what ought to be, while positive analysis is concerned with what is.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Bison

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 29, 2018
Answer to Question 1

A single-price monopoly charges every consumer the same price for each unit of the good or service the consumer buys. A price-discriminating monopolist might charge different consumers different prices for the same good or service or charge the same consumer different prices for different units of the good or service. When a firm practices price discrimination, it sells different units of a good or service for different prices.

Answer to Question 2

TRUE


formula1

  • Hero Member
  • *****
  • Posts: 666
Reply #2 on: Jun 29, 2018
Thank you :)


Bison

  • Sr. Member
  • ****
  • Posts: 342
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Muscle fibers consist of single, elongated, multinucleated cells that arise from the fusion Muscle fibers consist of single, elongated, multinucleated cells that arise from the fusion
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Single-serve cups of infant formula Single-serve cups of infant formula
Simplify. Write as a single power. Simplify. Write as a single power.
The structural genes of the lac operon are transcribed into a single polycistronic mRNA The structural genes of the lac operon are transcribed into a single polycistronic mRNA
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Vasectomy

For a complete list of videos, visit our video library