Can a perfectly competitive firm successfully price discriminate? ...

[jasdeep_brar]

Can a perfectly competitive firm successfully price discriminate? Hint: What does the demand curve look like for a perfectly competitive firm?
 
  What will be an ideal response?

Question 2

If the demand curve is given by Q = a + bp, then b is
 
  A) positive.
  B) the quantity demanded when price is zero.
  C) the change in quantity demanded if price changes by 1.
  D) different at different points on the demand curve.

[nmyers]

Answer to Question 1

No, the demand curve for a perfectly competitive firm is perfectly elastic, and therefore no units are valued more or less than the others.

Answer to Question 2

C

[jasdeep_brar]

Thanks for the timely response, appreciate it

[juliaf]

TYSM