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Author Question: If price is equal to average variable cost, a perfectly competitive firm breaks even. Indicate ... (Read 85 times)

itsmyluck

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on: Jun 29, 2018
If price is equal to average variable cost, a perfectly competitive firm breaks even.
 
  Indicate whether the statement is true or false

Question 2

The Athenian Theatre sells tickets for the same play at different prices: a lower price to those who opt for the seats at the back of the theatre and a higher price for those who purchase seats in the front, around the stage.
 
  Which of the following statements is true?
  A) This is an example of product differentiation but not price discrimination.
  B) Since the cost of producing the play does not change with the seating configuration, this is evidence of price discrimination based on market segmentation.
  C) Charging two different prices is an effective way to avoid an excess demand for play tickets; the higher price lowers quantity demanded to some extent.
  D) The theatre practices first-degree price discrimination by setting prices based on willingness to pay.
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akudia

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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itsmyluck

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

upturnedfurball

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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