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

Author Question: What are the characteristics of a market that allow a monopolist to successfully price discriminate ... (Read 55 times)

urbanoutfitters

  • Hero Member
  • *****
  • Posts: 530
on: Jun 29, 2018
What are the characteristics of a market that allow a monopolist to successfully price discriminate between groups?
 
  What will be an ideal response?

Question 2

What is price discrimination? Can a perfectly competitive firm price discriminate? Explain you answer.
 
  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

snackralk

  • Sr. Member
  • ****
  • Posts: 363
Reply #1 on: Jun 29, 2018
Answer to Question 1

A monopolist can price discriminate between groups when the groups are easily identifiable, can be separated, have different average willingness to pay for the good, and when the good or service cannot be resold.

Answer to Question 2

Price discrimination is the practice of selling different units of a good or service for different prices. A perfectly competitive firm cannot influence the price of its productit is a price taker. So a perfectly competitive firm cannot price discriminate.


urbanoutfitters

  • Member
  • Posts: 530
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

deja

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Types and characteristics of stem cells for culture Types and characteristics of stem cells for culture
Examples of NANDA defining characteristics Examples of NANDA defining characteristics
Alan Price - Poor People Alan Price - Poor People
Stock Market Tracks Growth in GDP Stock Market Tracks Growth in GDP
A Successfully Replanted Hand A Successfully Replanted Hand
Characteristics of Three Forms of DNA Characteristics of Three Forms of DNA
Video: Dissociative Disorders (Part 3)

For a complete list of videos, visit our video library