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Author Question: Distinguish between a price-discriminating monopoly and a single-price monopoly. What will be an ... (Read 160 times)

formula1

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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


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Bison

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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

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Reply #2 on: Jun 29, 2018
Thank you :)


Bison

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Reply #3 on: Jun 29, 2018
Happy to help you


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