Suppose that a price-discriminating producer divides its market into two segments
If the firm sells its product at a price of $34 in the market segment with relatively less-elastic customer demand, the price in the market segment with more-elastic customer demand will be
A) less than marginal revenue in that market segment.
B) less than $34.
C) equal to marginal revenue in that market segment.
D) greater than $34.
B
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The main reason people hold money is that
A) money is intrinsically valuable. B) money is used to buy goods and services. C) money is power. D) money provides a standard of value.
___________ is a winning strategy in a game of bargaining.
A. First-mover advantage B. Patience C. Cooperation D. Self-interested behavior
Investment in both physical and human capital tends to enhance economic growth because it generally
What will be an ideal response?
There will be no principal-agent problem if a firm's owner (like a business consultant) does all the work of the firm.
a. true b. false