Which of the following is NOT a necessary condition for price discrimination?
A. downward sloping demand curve
B. preventing resale of the product
C. separating markets for the good
D. having a constant marginal cost
Answer: D
You might also like to view...
An increase in the reserve requirement
A) increases the money supply, which leads to increased interest rates and a decrease in GDP. B) decreases the money supply, which leads to increased interest rates and a decrease in GDP. C) decreases the money supply, which leads to decreased interest rates and a decrease in GDP. D) increases the money supply, which leads to decreased interest rates and a decrease in GDP.
Which of the following will cause slower growth in labor productivity?
A) decreased growth in physical capital B) decreased growth in human capital such as education and training C) decreased growth in government-financed infrastructure such as highways and airports D) A and C E) all of the above
Is it a good thing to go to a point where marginal profit is zero? Explain.
What will be an ideal response?
Given the data in the above table, what is the marginal revenue when the 15th unit is sold?
A) $7.00 B) $5.00 C) $3.00 D) $1.00