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 121 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
Wow, this really help

6ana001

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Mammography. (b) A mammogram. A tumor is visible in this mammogram, indicated by the arrow in the lo Mammography. (b) A mammogram. A tumor is visible in this mammogram, indicated by the arrow in the lo
Mosaic of Charge-Coupled Devices (CCDs) Mosaic of Charge-Coupled Devices (CCDs)
Angry jeers from whites rain down on Elizabeth Eckford, one of the first African American students ... Angry jeers from whites rain down on Elizabeth Eckford, one of the first African American students ...
On average, students in Roman Catholic schools score higher on national tests than students in ... On average, students in Roman Catholic schools score higher on national tests than students in ...
Factors Affecting the Environmental Lapse Rate (ELR): Heating or Cooling of the Lower Atmosphere Factors Affecting the Environmental Lapse Rate (ELR): Heating or Cooling of the Lower Atmosphere
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Video: Generalized life cycles for plants and animals Animation

For a complete list of videos, visit our video library