Which of the following is not a condition required for a monopolist to price discriminate?
a. the demand curve facing the firm must be downward-sloping
b. the firm must exhibit strong economies of scale
c. there must be different groups of buyers with different price elasticities of demand
d. the firm must be able to prevent reselling of the product
e. the firm must have some market power
B
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Bond prices in the marketplace will fall when
A. interest rates fall. B. the company is losing money. C. interest rates rise. D. the company is making money.
If real GDP decreased during a year, then output must have decreased.
Answer the following statement true (T) or false (F)
During the mid-2000s, the average price of a used car fell by nearly $500 and the quantity sold nation-wide decreased by several thousand each year. This set of results is a contradiction of the law of demand
Indicate whether the statement is true or false
Microfinance is the practice of lending ________, with no collateral, and accepting ________ savings deposits.
A. foreign currency; foreign currency as B. very small amounts of money; small C. money electronically; electronic D. government-backed funds; government securities as