Author Question: For a monopolist to practice price discrimination, one necessary condition is that the product ... (Read 64 times)

jake · **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.