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Author Question: Consumers who place a high value on a good are better off with pricing in the following order: ... (Read 78 times)

lbcchick

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on: Jul 1, 2018
Consumers who place a high value on a good are better off with pricing in the following order: 1)________; 2)________; 3)________.
 
  A) competitive market; perfect price discrimination; single-price monopoly
  B) competitive market; single-price monopoly; perfect price discrimination
  C) single-price monopoly; competitive market; perfect price discrimination
  D) Unable to determine.

Question 2

Coke and Pepsi are substitutes if
 
  A) the demand for Coke increases when the price of Pepsi falls.
  B) the demand for Coke increases when the price of Pepsi rises.
  C) the supply of Coke increases when the price of Pepsi falls.
  D) the demand for Coke and Pepsi rise and fall together.


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coreycathey

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

B

Answer to Question 2

B


lbcchick

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

Jossy

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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