Price discrimination by a monopolist is less effective if the
A) good can be resold.
B) good has no substitutes.
C) monopolist can identify buyers by willingness to pay.
D) good cannot be resold.
A
You might also like to view...
Even though it is not a perfect measure, economists can use real GDP to
i. compare how the value of the goods and services produced in China have changed over the past 10 years. ii. look at the length of recessions and expansions in the United States. iii. compare the standard of living in China versus the standard of living in Vietnam. A) ii only B) i, ii and iii C) i and iii D) i and ii E) ii and iii
Based on the graph showing how the subprime share of home mortgages grew rapidly before the big decline, by Q2 of 2008, the gap between adjustable mortgage rates and the share of subprime mortgages was ______.
a. the greatest it had ever been
b. the smallest it had ever been
c. narrowing
d. expanding