The situation in which a person places greater value on a good as fewer and fewer people possess it is called the

Most movie theatres charge different prices to different groups of customers for movie admission but not on movie popcorn. Which of the following is a reason for this?

A) because the markup on movie popcorn is very high and movie theatres do not want to forgo this source of revenue B) because it is easier to limit resale in movie admissions but not in popcorn C) because the cost of operating a concession stand in a movie theatre is very high compared to the cost of showing a movie D) because the demand for popcorn is very high relative to the demand for movie admissions

What is the relationship between marginal revenue and average revenue for a monopolist and is it the same for a perfect competitor?

What will be an ideal response?