This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A price-discriminating monopolist will tend to charge a lower price to students if it believes that ... (Read 116 times)

sam.t96

  • Hero Member
  • *****
  • Posts: 570
on: Jun 30, 2018
A price-discriminating monopolist will tend to charge a lower price to students if it believes that students:
 a. have a lower willingness to pay than other demanders.
  b. have a greater willingness to pay than other demanders.
  c. have very elastic demand curves.
 d. have nearly vertical demand curves.

Question 2

State two characteristics of the long-run equilibrium under perfect competition.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

macybarnes

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

In a long-run equilibrium (1) there are no firms outside the market that can earn an economic profit by entering it, and (2) no firms that are taking losses remain in the market.


sam.t96

  • Member
  • Posts: 570
Reply 2 on: Jun 30, 2018
Excellent

fatboyy09

  • Member
  • Posts: 358
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Although males tend to be larger than females, the two overlap significantly in size. The size of a Although males tend to be larger than females, the two overlap significantly in size. The size of a
The lower respiratory tract and the process of gas exchange. The lower respiratory tract and the process of gas exchange.
Students and Money Students and Money
Stretching the muscles of the hip and lower back with diagonal adduction of the bent leg. Stretching the muscles of the hip and lower back with diagonal adduction of the bent leg.
Transition from the lower to the upper limbs with compression over the drape. Apply compression with ... Transition from the lower to the upper limbs with compression over the drape. Apply compression with ...
Pitting edema of the lower extremities Pitting edema of the lower extremities
Video: Amniocentesis and CVS Animation

For a complete list of videos, visit our video library