Author Question: The manager of a firm is attempting to practice third degree price discrimination. She has equated ... (Read 53 times)

james · **on:** Jul 1, 2018

The manager of a firm is attempting to practice third degree price discrimination. She has equated the marginal revenue in each of her markets. By doing this her

A) profits are maximized.
B) costs are minimized given her level of output.
C) revenues are maximized given her level of output.
D) all of the above

Question 2

Refer to Figure 9.3. If the government establishes a price ceiling of 1.00, the resulting deadweight loss will be

A) 1.50.
B) 200.
C) 150.
D) 300.
E) 600.