Author Question: The more block prices a monopoly can set instead of setting a single price, A) the smaller the ... (Read 38 times)

michelleunicorn

  • Hero Member
  • *****
  • Posts: 565
The more block prices a monopoly can set instead of setting a single price,
 
  A) the smaller the deadweight loss.
  B) the more producer surplus.
  C) the larger the total welfare.
  D) All of the above.

Question 2

Declining-block quantity discrimination makes sense if
 
  A) buyers of smaller quantities are more price sensitive than buyers of larger quantities.
  B) buyers of smaller quantities are less price sensitive than buyers of larger quantities.
  C) demand for the good is perfectly elastic.
  D) the lower price for larger quantities encourages all consumers to purchase the larger quantity.


Natalie4ever

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

For a complete list of videos, visit our video library