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

Author Question: If people posing as a vacationers were able to purchase large numbers of airline tickets from the ... (Read 177 times)

cool

  • Hero Member
  • *****
  • Posts: 570
If people posing as a vacationers were able to purchase large numbers of airline tickets from the airlines and later resell them to business travelers
 
  A) group price discrimination on the part of airlines would no longer be profitable.
  B) group price discrimination on the part of airlines would no longer be profit maximizing.
  C) the airlines would respond by raising further the price charged to business flyers.
  D) the people reselling would not earn any economic profit.

Question 2

At the competitive equilibrium quantity supplied equals quantity demanded in all markets.
 
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bpool94

  • Sr. Member
  • ****
  • Posts: 354
Answer to Question 1

B

Answer to Question 2

True . When the MRS = MRT = ratio of prices, the optimal product mix is produced efficiently and firms sell at marginal cost.





 

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

For a complete list of videos, visit our video library