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Author Question: Related to the Economics in Practiceon page 280: The foreign visitors to the temples of Laos are ... (Read 87 times)

robinn137

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on: Apr 19, 2019

Question 1

Refer to the information provided in Figure 13.11 below to answer the question(s) that follow.










Refer to Figure 13.11. Suppose a monopolist faces the demand and costs in the figure and is able to perfectly price discriminate. What is the societal loss from having a monopoly instead of a perfectly competitive industry supplying widgets?


◦ $0
◦ $4,000
◦ $16,000
◦ Indeterminate from the given information.

Question 2

Related to the 
Economics in Practice on page 280: The foreign visitors to the temples of Laos are typically much richer than the local Laotians. This tends to make the foreign visitors ________ buyers when it comes to ticket prices to enter the temples.


◦ perfectly elastic
◦ more elastic
◦ less elastic
◦ perfectly inelastic
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by robinn137 on Apr 19, 2019

Perkypinki

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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robinn137

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Reply #2 on: Apr 19, 2019
Thank you!


Perkypinki

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Reply #3 on: Apr 19, 2019
Always glad to help...


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