This topic contains a solution. Click here to go to the answer

Author Question: When a firm uses a form of quantity discrimination that charges large purchasers less it is the high ... (Read 67 times)

formula1

  • Hero Member
  • *****
  • Posts: 666
When a firm uses a form of quantity discrimination that charges large purchasers less it is the high quantity purchasers that generate most profit.
 
  Indicate whether the statement is true or false

Question 2

When neither player has a dominant strategy,
 
  A) game theory will not provide information.
  B) no Nash-Equilibrium exists.
  C) at least one Nash-Equilibrium exists.
  D) the game cannot be analyzed.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

popopong

  • Sr. Member
  • ****
  • Posts: 307
Answer to Question 1

False. Most profit is generated by the fact that the firm is able to charge a high price to purchasers of low quantities and cut in their consumer surplus.

Answer to Question 2

C




formula1

  • Member
  • Posts: 666
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


amynguyen1221

  • Member
  • Posts: 355
Reply 3 on: Yesterday
Gracias!

 

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

For a complete list of videos, visit our video library