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Author Question: For a monopoly to successfully price discriminate, its customers must: a. feel that the product is ... (Read 43 times)

ericka1

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on: Jun 30, 2018
For a monopoly to successfully price discriminate, its customers must:
 a. feel that the product is a necessity.
  b. have identical demands.
  c. be unable to resell the product.
  d. actively engage in arbitrage.

Question 2

When the price of a good falls, consumers buy more of the good because it is cheaper relative to competing goods. This statement describes the:
 a. consumer equilibrium effect.
  b. price effect.
  c. income effect.
  d. substitution effect.


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brittrenee

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

c

Answer to Question 2

d


ericka1

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

adf223

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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