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Author Question: What are the conditions for price discrimination?[br][br][b][color=#FBB117]Question ... (Read 14 times)

charchew

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on: Jun 30, 2018
What are the conditions for price discrimination?

Question 2

An indifference curve has a negative slope because movement along the curve requires the consumer to give up the:
 a. marginal utility of one good.
  b. total utility of one good.
  c. marginal substitution value (MSV).
  d. marginal transitivity of one good.


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dpost18

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Reply #1 on: Jun 30, 2018
Answer to Question 1

The firm must possess some ability to control market price (the firm must possess some monopoly power), the ability to segment customers based on their elasticity of demand, and the product cannot be easily resold.

Answer to Question 2

a


charchew

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

ryhom

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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