Multiple Choice
The monopolist engaged in ordinary price discrimination:
A) the monopolist will have troubles finding out the exact value of the price elasticities of demand.
B) charges higher prices in markets with higher absolute value of the price elasticity of demand.
C) the prices in the two markets are not related to the respective price elasticities of demand.
D) charges higher prices in markets with lower absolute value of the price elasticity of demand.
Correct Answer:
Verified
Correct Answer:
Verified
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