Which of the following helps a monopoly perfectly price discriminate?
A) unit demand by each consumer
B) the product is perishable
C) the product is personalizable
D) All of the above.
D
Economics
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If disposable income increases from $5 trillion to $6 trillion and, as a result, consumption expenditure increases from $7 trillion to $7.8 trillion, the MPC is
A) 1.0. B) 6 ÷ 7 = 0.86. C) 6 ÷ 7.8 = 0.77. D) 5 ÷ 7 = 0.71. E) 0.8.
Economics
What is game theory and what light does it shed on the issues faced by duopolists?
What will be an ideal response?
Economics