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Author Question: When a firm uses a form of quantity discrimination that charges large purchasers less it is the high ... (Read 54 times)

formula1

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on: Jul 1, 2018
When a firm uses a form of quantity discrimination that charges large purchasers less it is the high quantity purchasers that generate most profit.
 
  Indicate whether the statement is true or false

Question 2

When neither player has a dominant strategy,
 
  A) game theory will not provide information.
  B) no Nash-Equilibrium exists.
  C) at least one Nash-Equilibrium exists.
  D) the game cannot be analyzed.


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popopong

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Reply #1 on: Jul 1, 2018
Answer to Question 1

False. Most profit is generated by the fact that the firm is able to charge a high price to purchasers of low quantities and cut in their consumer surplus.

Answer to Question 2

C


formula1

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

jojobee318

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Reply 3 on: Yesterday
Excellent

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