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

Author Question: Which produces more output: a perfectly price discriminating monopoly or a single-price monopoly? ... (Read 146 times)

jlmhmf

  • Hero Member
  • *****
  • Posts: 552
Which produces more output: a perfectly price discriminating monopoly or a single-price monopoly?
 
  What will be an ideal response?

Question 2

Suppose a university refunds students 75 of their tuition if they drop out before the third week of class, 50 if they drop out between their third and fifth week, 25 if they drop out between their sixth and eighth week, and 0 after the eighth
 
  week. Flint paid 1,000 tuition, and is in his fourth week of class. What's his sunk cost? A) 0
  B) 250
  C) 500
  D) 750
  E) 1,000



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jsm54321

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

The monopoly practicing perfect price discrimination produces more output. Indeed, a perfectly price discriminating monopoly produces the efficient level of output.

Answer to Question 2

C




jlmhmf

  • Member
  • Posts: 552
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


matt95

  • Member
  • Posts: 317
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

For a complete list of videos, visit our video library