Author Question: In oligopoly outcomes, the dominant firm's profitability depends on how the fringe, consisting of ... (Read 149 times)

biggirl4568 · **on:** Jun 30, 2018

In oligopoly outcomes, the dominant firm's profitability depends on how the fringe, consisting of small competing sellers, responds to its choices.
Indicate whether the statement is true or false

Question 2

When practicing price discrimination, a firm can increase its revenue by:
a. charging a higher price to the customers with a more inelastic demand.
b. charging a higher price to the customers with a perfectly elastic demand.
c. supplying more in a market with a more inelastic demand.
d. supplying less in a market with lower elasticity of demand.
e. charging a lower price in a market dominated by wealthy consumers.