This topic contains a solution. Click here to go to the answer

Author Question: A price-discriminating monopolist having identical costs in two markets should charge a higher price ... (Read 122 times)

ahriuashd

  • Hero Member
  • *****
  • Posts: 535
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
Answer to Question 1

c

Answer to Question 2

a





 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

For a complete list of videos, visit our video library