Multiple Choice
Which of the following is true regarding price discrimination? i. It converts consumer surplus to economic profit.
Ii) A price discriminator must be a monopoly.
Iii) To be able to price discriminate, the firm must be able to identify different types of buyers.
A) ii and iii
B) i and iii
C) i and ii
D) i, ii and iii
E) ii only
Correct Answer:
Verified
Correct Answer:
Verified
Q124: A single-price monopoly has marginal cost of
Q125: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -In the above
Q126: Which of the following industries is most
Q127: Under which of the following is consumer
Q128: If a perfectly competitive industry becomes a
Q130: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The above figure
Q131: The capture theory of regulation is that
Q132: Which of the following statements about price
Q133: A monopolist can make an economic profit
Q134: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The figure above