Multiple Choice
Which of the following is known as the perfect price discrimination
A) first degree price discrimination
B) second degree price discrimination
C) third degree price discrimination
D) nine of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q13: Under pure monopoly, there will be<br>A)no distinction
Q14: Monopolist will not produce that portion of
Q15: Monopsony refers to<br>A)single seller<br>B)a few sellers<br>C)single buyer<br>D)a
Q16: The cross elasticity of demand for the
Q17: Oligopoly is a market situation characterized by<br>A)large
Q19: A monopolist usually earns<br>A)economic profit<br>B)only normal profit<br>C)losses<br>D)profit
Q20: Selling cost is maximum in the case
Q21: Price discrimination is possible<br>A)under any market form<br>B)only
Q22: 'Indeterminateness of demand curve' is a feature
Q23: Advertising can become 'a life and death