Author Question: A monopolistic producer supplying raw materials to two industries one with a lower price elasticity ... (Read 29 times)

CORALGRILL2014 · **on:** Jun 30, 2018

A monopolistic producer supplying raw materials to two industries one with a lower price elasticity of demand and the other with a high price elasticity of demand, practices _____ to prevent its low price elastic consumers (who have more elastic demands) from reselling its products to high price consumers (who have less elastic demands).
a. vertical integration
b. price discrimination
c. double marginalization
d. price control

Question 2

Entrepreneurs are at the heart of the market process.
Indicate whether the statement is true or false