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

Author Question: A monopoly can price discriminate between two groups of consumers if each group has ________. A) ... (Read 100 times)

amal

  • Hero Member
  • *****
  • Posts: 572
on: Jun 29, 2018
A monopoly can price discriminate between two groups of consumers if each group has ________.
 
  A) a large consumer surplus
  B) a different willingness to pay
  C) the same willingness to pay
  D) the ability to resell the good to the other group

Question 2

What is an incentive system?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Dunkey

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

An incentive system is a method of organizing production that uses a market-like mechanism inside the firm. Instead of issuing commands, senior managers create compensation schemes that will induce workers to perform in ways that maximize the firm's profit.


amal

  • Member
  • Posts: 572
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

kthug

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

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.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Breakdown of pyruvate and the attachment of an acetyl group to CoA Breakdown of pyruvate and the attachment of an acetyl group to CoA
The Distribution of Dominant and Minority Groups The Distribution of Dominant and Minority Groups
Group of Bees Group of Bees
In 1969 a UC Berkeley group fired a carbon nucleus at a californium target. Give In 1969 a UC Berkeley group fired a carbon nucleus at a californium target. Give
There are four hospitals (consumers in this example) willing to pay the following amounts for a ... There are four hospitals (consumers in this example) willing to pay the following amounts for a ...
Group defenses: Cluster of sawfly caterpillars regurgitating fluid (yellow) that predators find unap Group defenses: Cluster of sawfly caterpillars regurgitating fluid (yellow) that predators find unap
Video: Rena arc construction

For a complete list of videos, visit our video library