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Author Question: For a monopolist to practice price discrimination, one necessary condition is that the product ... (Read 74 times)

jake

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on: Jun 30, 2018
For a monopolist to practice price discrimination, one necessary condition is that the product offered for sale must be:
 a. high quality.
  b. expensive.
  c. cheap.
  d. impossible or difficult to resell.

Question 2

The income effect refers to a change in:
 a. income because of changes in the CPI.
  b. the quantity demanded of a good because of a change in the buyer's real income.
  c. the quantity demanded of a good because of a change in the buyer's money income.
  d. none of these.


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sultana.d

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

d

Answer to Question 2

b


jake

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

bulacsom

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Reply 3 on: Yesterday
Excellent

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