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Author Question: When a monopoly price discriminates, it charges the highest price to the group of buyers with the ... (Read 70 times)

dmcintosh

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on: Jun 30, 2018
When a monopoly price discriminates, it charges the highest price to the group of buyers with the least elastic demand.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Combinations of two goods along the indifference curve yield:
 a. equal prices for the two goods.
  b. equal marginal utilities.
  c. the same total utility.
  d. zero total utility.


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ynlevi

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

c


dmcintosh

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Reply #2 on: Jun 30, 2018
Thank you


ynlevi

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Reply #3 on: Jun 30, 2018
No problemo


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