If a pure monopolist can engage in price discrimination:
A. marginal revenue will become less at each level of output than it would be without price discrimination.
B. the firm will face multiple marginal revenue curves.
C. the marginal revenue curve will now shift to a position above the demand curve.
D. the marginal revenue curve and the total revenue curve will then coincide.
Answer: B
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What is the exact nominal interest rate, when the real interest rate is 5% and the expected inflation rate is 15%?
a. 5% b. 10% c. 20.00% d. 20.75% e. 25.5%
The inflation rate is calculated
a. by determining the change in the price index from the preceding period. b. by determining the change in the price index from the base year. c. by determining the percentage change in the price index from the preceding period. d. by determining the percentage change in the price index from the base year.
For a monopolist, price
A. is greater than marginal revenue. B. equals marginal revenue at all output levels. C. is less than marginal revenue. D. can be greater than or less than marginal revenue.
Which statement is not true regarding the total variable cost curve?
A. It shows the variable cost of production given current factor prices. B. It is a horizontal line. C. It increases as output increases. D. It starts at the origin.