Author Question: What condition must exist for a monopolist to effectively price discriminate? A) The monopolist ... (Read 117 times)

Mr3Hunna

  • Hero Member
  • *****
  • Posts: 536
What condition must exist for a monopolist to effectively price discriminate?
 
  A) The monopolist must face consumers with identical willingness to pay.
  B) The monopolist must produce a good or service that can be resold.
  C) The monopolist must produce a good that cannot be resold.
  D) The monopolist must charge the highest price possible.

Question 2

A sales tax on sellers of a good shifts the supply curve leftward because the tax is like a cost of production.
 
  Indicate whether the statement is true or false



jxjsniuniu

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

C

Answer to Question 2

TRUE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

For a complete list of videos, visit our video library