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

Author Question: A monopoly ________. A. can choose its price and output and always has the option of price ... (Read 62 times)

MGLQZ

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
A monopoly ________.
 
  A. can choose its price and output and always has the option of price discriminating
  B. is a price taker and by offering a range of discounts can price discri-minate
  C. that produces a good that cannot be resold might choose to price dis-criminate
  D. book store that offers a discount on Tuesdays is price discriminating

Question 2

Use Figure 13.2 which depicts a monopolist firm to help with the following question. Define the area of total costs that this firm will incur if it is maximizing profit. Use the letters that appear on the graph to identify the area.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mcomstock09

  • Sr. Member
  • ****
  • Posts: 377
Reply #1 on: Jun 29, 2018
Answer to Question 1

C The monopoly has the potential of price discriminating only when the good cannot be resold.

Answer to Question 2

Total revenue is bounded by AC, Y, Qm and O.


MGLQZ

  • Member
  • Posts: 579
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

skipfourms123

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
Choose the telephone unit that offers the features needed in your office. Choose the telephone unit that offers the features needed in your office.
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Factors that Increase Cardiac Output Factors that Increase Cardiac Output
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Video: EpiPen Animation (Part 2)

For a complete list of videos, visit our video library