Show Stoppers is a monopoly provider of ticket services for the ...

[littleanan]

Show Stoppers is a monopoly provider of ticket services for the concerts and sporting events and their current service charge is 10.00 . In order to attract one more customer, they have to lower their service charge to 9.50 . Show Stoppers' marginal revenue of this additional customer is:
 a. 9.50.
 b. greater than 9.50.
 c. less than 9.50.
 d. between 10.00 and 9.50.

Question 2

One danger associated with calls for fairness based on reciprocity is that calls for fair trade may be invoked in cases where foreign restrictions on domestic exports do not actually exist.
 a. True
  b. False
  Indicate whether the statement is true or false

[amit]

Answer to Question 1

c

Answer to Question 2

True