This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose group price discrimination is possible but a firm chooses not to and sets the same price in ... (Read 79 times)

jc611

  • Hero Member
  • *****
  • Posts: 552
on: Jul 1, 2018
Suppose group price discrimination is possible but a firm chooses not to and sets the same price in each market. As a result
 
  A) price elasticity of demand is the same in each market.
  B) the price-inelastic market will buy zero units.
  C) marginal revenue in the more price-elastic market exceeds marginal revenue in the less price-elastic market.
  D) the deadweight loss is less than if the firm price discriminated.

Question 2

If a firm does NOT know its rival's profit function, then we consider that information to be
 
  A) irrelevant in deciding its best strategy.
  B) private.
  C) common knowledge.
  D) Pareto sub-optimal.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vseab

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

B


jc611

  • Member
  • Posts: 552
Reply 2 on: Jul 1, 2018
Wow, this really help

dantucker

  • Member
  • Posts: 346
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Lateral Group of Descending Motor Tracts Lateral Group of Descending Motor Tracts
Major Causes of Death in U.S by Age Group Major Causes of Death in U.S by Age Group
Hydrophilic Group Hydrophilic Group
Methyl group metabolism and homocystinuria Methyl group metabolism and homocystinuria
Group of Geese Group of Geese
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Basic rhythm - control centers in medulla oblongata, spirograph and normal tidal cycle

For a complete list of videos, visit our video library