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Author Question: For most residential telephone service, people pay a monthly fee to have a hookup to the telephone ... (Read 101 times)

Garrulous

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on: Jul 1, 2018
For most residential telephone service, people pay a monthly fee to have a hookup to the telephone company's line plus a fee for each call actually made. Under this pricing scheme, the telephone company is using
 
  A) limit pricing.
  B) a two-part tariff.
  C) second-degree price discrimination.
  D) two stage price discrimination.

Question 2

A situation in which the unregulated competitive market outcome is inefficient because prices fail to provide proper signals to buyers and sellers is known as:
 
  A) an imperfectly competitive market.
  B) a market failure.
  C) a deadweight loss.
  D) a disequilibrium.


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CharlieArnold

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


Garrulous

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

bblaney

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Reply 3 on: Yesterday
:D TYSM

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