Which of the following will make price discrimination difficult for a monopolist?
A) the possibility of resale of the product
B) a constant marginal cost curve
C) an increasing marginal cost
D) a downward sloping demand curve
Answer: A
Economics
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___________ than would be the case if all firms had identical products and prices.
a. flatter b. steeper c. farther to the right d. less elastic
Economics
Continuing from the question above, an additional 10 people join the group who have expected medical spending of $5,000 per person on average. The new premium will be approximately
a. $1,500 b. $2,200 c. $2,500 d. $4,500
Economics