Author Question: In a price-fixing agreement amongst two oligopolists, each seller's best strategy would be to ... (Read 64 times)

imowrer · **on:** Jun 30, 2018

In a price-fixing agreement amongst two oligopolists, each seller's best strategy would be to maintain the agreement, as it would leave both of them better off.
Indicate whether the statement is true or false

Question 2

Perfect price discrimination occurs when:
a. each customer is charged the maximum price that each is willing and able to pay.
b. two classes of customers are charged different prices as they have the same elasticities of demand.
c. senior citizens are offered restaurant discounts.
d. the firm sets MR < MC for each class of customers.
e. the firm charges same price to different customers so that it is equal to the equilibrium price.