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Author Question: Any risk-averse individual would always A) take a 10 chance at 100 rather than a sure 10. B) ... (Read 18 times)

Caiter2013

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on: Jul 1, 2018
Any risk-averse individual would always
 
  A) take a 10 chance at 100 rather than a sure 10.
  B) take a 50 chance at 4 and a 50 chance at 1 rather than a sure 1.
  C) take a sure 10 rather than a 10 chance at 100.
  D) take a sure 1 rather than a 50 chance at 4 and a 50 chance at losing 1.
  E) do C or D above.

Question 2

Which of the following is NOT a condition for third degree price discrimination?
 
  A) Monopoly power
  B) Different own price elasticities of demand
  C) Economies of scale
  D) Separate markets


nathang24

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


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