« previous next »

Author Question: Price discrimination is possible in which of the following market structures? a. perfect ... (Read 76 times)

Haya94

  • Hero Member
  • *****
  • Posts: 558
on: Jun 29, 2018
Price discrimination is possible in which of the following market structures?
 
  a. perfect competition
  b. monopoly
  c. oligopoly
  d. monopolistic competition
  A) a, b, c, and d B) c and d only C) b and c only D) b, c, and d only

Question 2

Explain why the monopolist has no supply curve?
 
  What will be an ideal response?
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


hollysheppard095

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A supply curve shows the relationship between the price of a product and the quantity that suppliers are willing and able to supply. The monopolist selects its profit-maximizing output by equating marginal revenue to marginal cost and takes the price dictated by the demand curve. Thus, there is no array of prices and quantities supplied.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Spina bifida. (A) Spina bifica occulta; the vertebra is not complete, but there is no protrusion of Spina bifida. (A) Spina bifica occulta; the vertebra is not complete, but there is no protrusion of
The ear and its anatomic structures. The ear and its anatomic structures.
Identify the structures shown below by filling in the blanks. Identify the structures shown below by filling in the blanks.
Structures of the endocrine system. Structures of the endocrine system.
Internal structures of the eye. Internal structures of the eye.
Comparison of de novo predictions to X-ray crystal structures Comparison of de novo predictions to X-ray crystal structures
Video: Male Reproductive System - The gonadotropin releasing hormone

For a complete list of videos, visit our video library