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Author Question: Which produces more output: a perfectly price discriminating monopoly or a single-price monopoly? ... (Read 106 times)

jlmhmf

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on: Jun 29, 2018
Which produces more output: a perfectly price discriminating monopoly or a single-price monopoly?
 
  What will be an ideal response?

Question 2

Suppose a university refunds students 75 of their tuition if they drop out before the third week of class, 50 if they drop out between their third and fifth week, 25 if they drop out between their sixth and eighth week, and 0 after the eighth
 
  week. Flint paid 1,000 tuition, and is in his fourth week of class. What's his sunk cost? A) 0
  B) 250
  C) 500
  D) 750
  E) 1,000


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jsm54321

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

The monopoly practicing perfect price discrimination produces more output. Indeed, a perfectly price discriminating monopoly produces the efficient level of output.

Answer to Question 2

C


jlmhmf

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Reply 2 on: Jun 29, 2018
Gracias!

bulacsom

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Reply 3 on: Yesterday
Excellent

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