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

Author Question: A price-discriminating monopolist having identical costs in two markets should charge a higher price ... (Read 128 times)

ahriuashd

  • Hero Member
  • *****
  • Posts: 535
on: Jul 1, 2018
A price-discriminating monopolist having identical costs in two markets should charge a higher price in that market
 a. which has a higher demand.
  b. which has a more elastic demand.
  c. which has a less elastic demand.
  d. which has a higher marginal revenue.

Question 2

For the practice of price discrimination to be successful, the monopoly must
 a. face an imperfect resale market for its product.
  b. face similar demand curves for various markets.
  c. have similar costs among markets.
  d. have a downward sloping marginal cost curve.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

TINA

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

a


ahriuashd

  • Hero Member
  • *****
  • Posts: 535
Reply #2 on: Jul 1, 2018
Correct answers!


TINA

  • Sr. Member
  • ****
  • Posts: 336
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Septa divide hyphae of higher fungi into compartments. Septa divide hyphae of higher fungi into compartments.
Acromegaly in one individual from a pair of identical twins. Acromegaly in one individual from a pair of identical twins.
Always check the battery, using a conductance or load tester. A battery showing a green charge ... Always check the battery, using a conductance or load tester. A battery showing a green charge ...
Farmers’ markets provide fresh, local produce to consumers Farmers’ markets provide fresh, local produce to consumers
1) (a) What is Coulomb?s Law? (b) Find the net electrostatic force on the charge labeled ?P? in ... 1) (a) What is Coulomb?s Law? (b) Find the net electrostatic force on the charge labeled ?P? in ...
The xy plane is painted with a uniform surface charge density which is equal to 40 nC/m2 . ... The xy plane is painted with a uniform surface charge density which is equal to 40 nC/m2 . ...
Video: Component of feedback systems & Communication and regulation of body systems

For a complete list of videos, visit our video library