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Author Question: Price discrimination results in _____________ than would be observed under a single-price monopoly. ... (Read 86 times)

mwit1967

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on: Jun 30, 2018
Price discrimination results in _____________ than would be observed under a single-price monopoly.
 a. higher output and lower costs
  b. lower output and higher costs
  c. higher output and higher costs
  d. lower output and lower costs

Question 2

Economic theory predicts that a profit maximizing car rental agency with some market power would set its prices in what way?
 a. Charge the same for both weekday and weekend rentals.
  b. Charge more for weekend rentals and less for weekday rentals.
  c. Charge more for rentals during the week and less for weekend rentals.


sultana.d

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a. higher output and lower costs

Answer to Question 2

c. Charge more for rentals during the week and less for weekend rentals. Apply concept of price discrimination to another market.


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mwit1967

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Reply #2 on: Jun 30, 2018
Correct answers!


sultana.d

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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