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

Author Question: For a monopolist to practice effective price discrimination, one necessary condition is: a. ... (Read 71 times)

kshipps

  • Hero Member
  • *****
  • Posts: 571
on: Jun 30, 2018
For a monopolist to practice effective price discrimination, one necessary condition is:
 a. identical price elasticity among groups of buyers.
  b. differences in the price elasticity of demand among groups of buyers.
  c. that the product is homogeneous market.
  d. none of these.

Question 2

An increase in the consumption of a good resulting from a reduction in price that makes the good cheaper in relation to other goods is called the:
 a. substitution effect.
  b. income effect.
  c. real balance effect.
  d. inelasticity effect.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nguyenhoanhat

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


kshipps

  • Member
  • Posts: 571
Reply 2 on: Jun 30, 2018
Gracias!

Perkypinki

  • Member
  • Posts: 339
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

The Pantanal, Brazil, seen here in flood condition, is a critical jaguar range area. The Pantanal, Brazil, seen here in flood condition, is a critical jaguar range area.
A photograph of a woman with exophthalmos. This condition is associated with hypersecretion of the t A photograph of a woman with exophthalmos. This condition is associated with hypersecretion of the t
Man undergoing a stress test on a treadmill while physician monitors his condition Man undergoing a stress test on a treadmill while physician monitors his condition
Effective communications skills are essential to the medical assistant’s career Effective communications skills are essential to the medical assistant’s career
Private practice setting. Private practice setting.
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Membrane transport proteins - pores, gated channels and pumps

For a complete list of videos, visit our video library