Suppose a monopolist has a choice to charge a higher price in one market than another, what would be the guideline to determine which market is charged more?

A) The market with the less elastic demand curve is charged more.
B) The market with the less elastic demand curve is charged less.
C) The market with the less elastic supply curve is charged more.
D) The market with the less elastic supply curve is charged more.

Answer: A

Business

You might also like to view...

The mission should be translated into supporting________for each level of ___________.

Fill in the blank(s) with the appropriate word(s).

Business

The following are methods of segmenting consumer markets, except:

A) demographics B) industry size C) psychographics D) generations

Business