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Author Question: A monopoly can price discriminate between two groups of consumers if each group has ________. A) ... (Read 96 times)

amal

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on: Jun 29, 2018
A monopoly can price discriminate between two groups of consumers if each group has ________.
 
  A) a large consumer surplus
  B) a different willingness to pay
  C) the same willingness to pay
  D) the ability to resell the good to the other group

Question 2

What is an incentive system?
 
  What will be an ideal response?


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Dunkey

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

An incentive system is a method of organizing production that uses a market-like mechanism inside the firm. Instead of issuing commands, senior managers create compensation schemes that will induce workers to perform in ways that maximize the firm's profit.


amal

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

scikid

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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