Why does a monopolist not charge the same price for the same good in two different countries?
What will be an ideal response?
The monopolist sets the prices in the two markets such that the marginal revenue in each market equals the common marginal cost of producing the good. If the elasticities of demand differ in the two markets, the producer optimally charges a higher price in the market with the less elastic demand curve.
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Trainor Logistics provides the following information
Operating income $1,500,000 Net sales $13,500,000 Average total assets $2,000,000 Management's target rate of return 25% What is the company's return on investment? (Round your answer to two decimal places.) A) 11.11% B) 14.81% C) 75.00% D) 25.00%
Apple Computer's use of a differentiation strategy promotes both ________ and ________
FIll in the blank with correct word.