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Author Question: In oligopoly outcomes, the dominant firm's profitability depends on how the fringe, consisting of ... (Read 134 times)

biggirl4568

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In oligopoly outcomes, the dominant firm's profitability depends on how the fringe, consisting of small competing sellers, responds to its choices.
  Indicate whether the statement is true or false

Question 2

When practicing price discrimination, a firm can increase its revenue by:
 a. charging a higher price to the customers with a more inelastic demand.
  b. charging a higher price to the customers with a perfectly elastic demand.
  c. supplying more in a market with a more inelastic demand.
  d. supplying less in a market with lower elasticity of demand.
  e. charging a lower price in a market dominated by wealthy consumers.



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ricroger

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Answer to Question 1

T

Answer to Question 2

a




biggirl4568

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Reply 2 on: Jun 30, 2018
Wow, this really help


amit

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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