This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Distinguish between a price-discriminating monopoly and a single-price monopoly. What will be an ... (Read 138 times)

formula1

  • Hero Member
  • *****
  • Posts: 666
on: Jun 29, 2018
Distinguish between a price-discriminating monopoly and a single-price monopoly.
 
  What will be an ideal response?

Question 2

Normative analysis is concerned with what ought to be, while positive analysis is concerned with what is.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Bison

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 29, 2018
Answer to Question 1

A single-price monopoly charges every consumer the same price for each unit of the good or service the consumer buys. A price-discriminating monopolist might charge different consumers different prices for the same good or service or charge the same consumer different prices for different units of the good or service. When a firm practices price discrimination, it sells different units of a good or service for different prices.

Answer to Question 2

TRUE


formula1

  • Hero Member
  • *****
  • Posts: 666
Reply #2 on: Jun 29, 2018
Thank you :)


Bison

  • Sr. Member
  • ****
  • Posts: 342
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Children can fast map the meanings of words in a single exposure. Children can fast map the meanings of words in a single exposure.
Viral single-strand DNA (circular) Viral single-strand DNA (circular)
Conformations of single-stranded nucleic acids Conformations of single-stranded nucleic acids
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Splitting of Sugar, Oxidation/ Reduction & ATP Generation

For a complete list of videos, visit our video library