A price-discriminating firm charges the highest price to
A) the group with the least elastic demand. B) the group with demand that is unit elastic.
C) the group with the largest demand. D) the group with the most elastic demand.
A
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The piecemeal actions of Parliament to curtail the various colonial manufacturing activities
a. stemmed from a deep-seated fear of American competition. b. were punitive, in response to colonial smuggling and price dumping. c. were a roundabout attempt to undermine the colonial shipbuilding industry. d. were largely taken to protect vested, well-lobbied interests.
Don's Taxicab Service is the only taxi company operating in a large city. In the beginning, Don took over the local taxi market by buying out his competition. Now he sets his own rates as a privately-owned monopoly, but residents and tourists are upset by the very high prices. If there are no economies of scale in taxicab service, then the best solution is most likely
a. to encourage concentration by constructing barriers to entry b. laissez-faire since the market is clearly contestable c. antitrust action to break up Don's into a number of firms d. price regulation by a city commission e. for the city to take over and operate Don's Taxicab
If a country has a positive net capital outflow, then
a. on net it is purchasing assets from abroad. This adds to its demand for domestically generated loanable funds. b. on net it is purchasing assets from abroad. This subtracts from its demand for domestically generated loanable funds. c. on net other countries are purchasing assets from it. This adds to its demand for domestically generated loanable funds. d. on net other countries are purchasing assets from it. This subtracts from its demand for domestically generated loanable funds.
Which of the following financial instruments provides a buyer the right (but not the obligation) to purchase or sell a fixed amount of currency at a prearranged price, within a few days to a few years?
A. Currency option B. Letter of credit C. Currency swap D. Forward contract