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Author Question: A price discriminating monopolist A) produces more output than that produced by a single-price ... (Read 65 times)

meagbuch

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on: Jun 29, 2018
A price discriminating monopolist
 
  A) produces more output than that produced by a single-price monopolist.
  B) has a lower marginal cost than that incurred by a single-price monopolist.
  C) makes a smaller economic profit than that earned by the single-price monopolist.
  D) makes zero economic profit in the long run.

Question 2

The used car market without warranties suffers from
 
  A) perfect competition.
  B) oligopoly.
  C) adverse selection and moral hazard.
  D) excessive signaling.


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moormoney

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


meagbuch

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

softEldritch

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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