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Author Question: For a monopolist to practice effective price discrimination, one necessary condition is: a. ... (Read 80 times)

kshipps

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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.


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nguyenhoanhat

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

b

Answer to Question 2

a


kshipps

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

abro1885

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

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