Author Question: In ____ price discrimination, the monopolist charges each consumer the highest price that purchaser ... (Read 79 times)

RYAN BANYAN · **on:** Jul 1, 2018

In ____ price discrimination, the monopolist charges each consumer the highest price that purchaser is willing to pay for each unit purchased (provided that this price exceeds the marginal cost of production).
a. first-degree
b. second-degree
c. third-degree
d. a and b
e. none of the above

Question 2

When buying a car from a commission salesman you improve your bargaining position by
a. shopping when the new model year cars have just arrived
b. shopping when the showroom is empty of customers
c. shopping when the car lot has few cars left unsold
d. shopping toward the beginning of the month