Monopolies that price discriminate do so because
A. it keeps them out of trouble with the government.
B. it is more efficient.
C. they can increase their profits.
D. they are able to do so and no one else can.
Answer: C
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Among the factors that have a negative impact on savings in the United States is the
A) tax system. B) fact that colleges give less in financial aid to students whose families have savings. C) structure of our welfare programs. D) all of the above.
Why do economists refer to the pricing strategies of oligopoly firms as a prisoner's dilemma game?
What will be an ideal response?
According to some economists, what contributed to the unusual uncertainty that adversely affected aggregate supply during the recovery following the recession of 2007-2009?
What will be an ideal response?
John spends exactly the same dollar amount on candy bars each week, regardless of their price. John's demand curve for candy bars is
a. upward-sloping b. backward-bending c. perfectly inelastic d. perfectly elastic e. unit elastic