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Author Question: Price discrimination is possible in which of the following market structures? a. perfect ... (Read 87 times)

Haya94

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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?
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hollysheppard095

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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.


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