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Author Question: To maximize profit, a monopolist will produce and sell a quantity such that for the last unit sold, ... (Read 153 times)

biggirl4568

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To maximize profit, a monopolist will produce and sell a quantity such that for the last unit sold, marginal revenue equals marginal cost, and charges a price given by the demand curve at that output level.
 
  Indicate whether the statement is true or false

Question 2

Which of the following is not a way by which price-discriminating firms can segment a market?
 
  A) on the basis of the supplier's marginal cost of production, for example requiring customers to pay a premium for customizing options
  B) on basis of the buyer's location, for example requiring out-of-state students to pay higher tuition
  C) on the basis of time of purchase, for example long-distance calling
  D) by requiring an advance purchase, for example airline tickets


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ankilker

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biggirl4568

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


tuate

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Reply 3 on: Yesterday
:D TYSM

 

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