Author Question: If consumers are identical, then A) price discrimination is impossible. B) price discrimination ... (Read 85 times)

Mr.Thesaxman

  • Hero Member
  • *****
  • Posts: 514
If consumers are identical, then
 
  A) price discrimination is impossible.
  B) price discrimination can occur if each consumer has a downward-sloping demand curve for the product.
  C) perfect price discrimination is the only form of price discrimination that can increase a monopoly's profit.
  D) tie-in sales cannot increase a monopoly's profit.

Question 2

At many municipal golf courses, local residents pay a lower fee to play than other golfers do. One necessary condition for the golf course to be able to successfully price discriminate according to residency is that
 
  A) they can check the identification cards of golfers.
  B) local resident golfers and other golfers have the same price elasticity of demand to play at the municipal course.
  C) there are many golf courses nearby from which golfers can choose.
  D) they require all golfers to rent a cart.


babybsemail

  • Sr. Member
  • ****
  • Posts: 304
Answer to Question 1

B

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

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?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

For a complete list of videos, visit our video library