If consumers are identical, then
A) price discrimination is impossible.
B) price discrimination can occur if each consumer has a downward-sloping demand curve for the product.
C) perfect price discrimination is the only form of price discrimination that can increase a monopoly's profit.
D) tie-in sales cannot increase a monopoly's profit.
Question 2
At many municipal golf courses, local residents pay a lower fee to play than other golfers do. One necessary condition for the golf course to be able to successfully price discriminate according to residency is that
A) they can check the identification cards of golfers.
B) local resident golfers and other golfers have the same price elasticity of demand to play at the municipal course.
C) there are many golf courses nearby from which golfers can choose.
D) they require all golfers to rent a cart.
DNA molecules replicate to form identical chromatids
Chinese workers on a railway in the far West. “Without them,” Leland Stanford, president of the Cent
Price of Computers, 1982–2010
Two-point discrimination
Cut the figure into two identical parts
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.