A price discriminating monopolist A) produces more output than ...

[meagbuch]

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.

[moormoney]

Answer to Question 1

A

Answer to Question 2

C

[meagbuch]

Excellent

[cam1229]

Thanks for the timely response, appreciate it