Price discrimination, where different units of a good are sold ...

[ETearle]

Price discrimination, where different units of a good are sold for different prices
 
  A) is impossible because there can only be one market price.
  B) can be effectively practiced by all monopolists.
  C) maximizes consumer welfare because each consumer pays only the price he or she is willing to pay.
  D) is possible if the good cannot be resold.

Question 2

The relative price of a magazine in the above figure is
 
  A) 0.5 of a hamburger per magazine.
  B) 1 hamburger per magazine.
  C) 1.33 hamburgers per magazine.
  D) 8 hamburgers per magazine.

[marict]

Answer to Question 1

D

Answer to Question 2

C

[ETearle]

Thank you

[marict]

No problemo