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Author Question: The practice of charging different prices on the basis of varying customer preferences is known as: ... (Read 45 times)

AEWBW

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on: Jun 30, 2018
The practice of charging different prices on the basis of varying customer preferences is known as:
 a. arbitrage.
  b. discounting.
  c. price discrimination.
  d. rationing.

Question 2

If a monopolist is producing at a point at which marginal revenue is greater than marginal cost, then it should:
 a. continue producing at the current level.
  b. raise its prices.
  c. lower its prices.
  d. increase the level of production.
  e. decrease the level of production.


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shaquita

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

C

Answer to Question 2

d


AEWBW

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Reply 2 on: Jun 30, 2018
Excellent

strudel15

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

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