Which of the following is NOT necessary in order for a monopolist to practice effective price discrimination?
A) The marginal cost of providing the same good to different groups of buyers must be different.
B) The monopolist must be able to segregate its market into different submarkets.
C) The buyers in various markets must face different price elasticities of demand.
D) The monopolist must have a downward sloping demand curve.
A
You might also like to view...
Suppose the production function for T-shirts can be represented as q = L0.25 K0.75. Show that the production function has constant returns to scale
What will be an ideal response?
National debt can be defined as:
a. the total money supply in the economy. b. the total stock of government bonds outstanding. c. the difference between real GDP and potential GDP. d. the change in fiscal deficit that results from an increase in government spending. e. the total volume of private investment in the country.
Economics is the study of how individuals, businesses, and governments make decisions and make trade-offs in the face of scarce resources.
Answer the following statement true (T) or false (F)
What effects do immigrants have on tax revenues and government spending in the United States?
What will be an ideal response?