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 126 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?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

On average, the ratio of carbon to nitrogen is much higher in terrestrial plants than in other major On average, the ratio of carbon to nitrogen is much higher in terrestrial plants than in other major
When the IQ scores of identical twins differ, behavior genetics researchers attribute these to ... When the IQ scores of identical twins differ, behavior genetics researchers attribute these to ...
#38.Genetically identical organisms derived from a single genetic source are #39 #38.Genetically identical organisms derived from a single genetic source are #39
In the drawing of acetaldehyde, CH3CHO, the largest partial negative charge (-) occurs on In the drawing of acetaldehyde, CH3CHO, the largest partial negative charge (-) occurs on
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 . ...
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: Secondary and tertiary levels of protein structure Animation

For a complete list of videos, visit our video library