Author Question: A monopolist who is unable to price discriminate: a. will never produce in the output range where ... (Read 83 times)

Beheh

  • Hero Member
  • *****
  • Posts: 520
A monopolist who is unable to price discriminate:
 a. will never produce in the output range where marginal revenue is positive.
  b. will never produce in the output range where marginal revenue is negative.
  c. will never produce in the output range where demand is inelastic.
 d. will be characterized by both (b) and (c).

Question 2

Justin never keeps track of the sales and discounts offered in the stores at various times of the year, while his sister does. This implies that Justin has a higher price elasticity of demand than his sister.
  Indicate whether the statement is true or false



ong527

  • Sr. Member
  • ****
  • Posts: 285
Answer to Question 1

d

Answer to Question 2

F



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

For a complete list of videos, visit our video library