If the monopoly illustrated in the figure above could engage in perfect price discrimination, then it would sell
A) 30 tickets.
B) 50 tickets.
C) 60 tickets.
D) 100 tickets.
C
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Bond prices and interest rates
A. are interrelated. B. have no relationship to one another. C. rise or fall in tandem. D. None of these choices.
Even though it is generally true that the more goods and services people have, the better off they are, GDP provides only a rough measure of well-being
Assuming language is not an issue, what other factors besides GDP might you consider when deciding where to live and work?
During periods when the inflation rate fluctuates widely,
a. all relative prices increase at the same rate, leaving money prices constant b. economic efficiency increases because decision makers pay closer attention to changes in money prices c. uncertainty about changes in relative prices causes a decrease in economic efficiency d. all money prices increase at the same rate, leaving relative prices constant
An oligopolist charges a lower price than the short-run profit-maximizing price. How does this affect the firm’s allocative efficiency?
a. The firm achieves allocative efficiency because P 1 exceeds MC.
b. The firm fails at allocative efficiency because P 1 is less than the minimum ATC.
c. The firm fails at allocative efficiency because P 1 exceeds MC.
d. The firm achieves allocative efficiency because P 1 is less than MC.