A monopoly can price discriminate between two groups of consumers ...

[amal]

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?

[Dunkey]

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]

Thanks for the timely response, appreciate it

[elyse44]

Gracias!