Multiple Choice
A monopolistic producer supplying raw materials to two industries one with a lower price elasticity of demand and the other with a high price elasticity of demand, practices _____ to prevent its low price elastic consumers (who have more elastic demands) from reselling its products to high price consumers (who have less elastic demands) .
A) vertical integration
B) price discrimination
C) double marginalization
D) price control
Correct Answer:
Verified
Correct Answer:
Verified
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