Assume that a monopolist practices perfect price discrimination. The firm's marginal revenue curve will
A) be perfectly elastic.
B) be equal to its demand curve.
C) lie below its demand curve.
D) be perfectly inelastic.
B
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The average federal matching assistance percentage across the U.S. received by the typical state is approximately _____ percent of overall Medicaid spending.
a. 75 b. 60 c. 50 d. 70 e. 55
If the MPC = 0.8, and planned autonomous investment increases by $80 billion, then equilibrium real GDP will increase by
A. $80 billion. B. $400 billion. C. $320 billion. D. $64 billion.
LoJacks convey ________ to third parties.
A. negative externalities B. economies of scale C. public goods D. positive externalities
If the price elasticity of demand for pineapples is 0.75, then a 4% increase in the price of pineapples will lead to a:
A. 0.75% increase in the quantity of pineapples demanded. B. 3% decrease in the quantity of pineapples demanded. C. 0.75% decrease in the quantity of pineapples demanded. D. 3% increase in the quantity of pineapples demanded.