In order to be able to price discriminate and maximize profit, a monopolist must be able to do all of the following EXCEPT
A) identify and separate different buyer types.
B) sell a product that cannot be resold.
C) identify competitors.
D) determine the output where marginal revenue equals marginal cost.
C
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The price of a good rises by 12 percent and the price elasticity of demand for the good is 0.85. Which of the following is a CORRECT interpretation of these facts?
A) When the price rises by 12 percent, the quantity demanded decreased by 0.85 percent. B) For each 1 percent that the price rose, the quantity demanded decreased by 10.2 percent. C) For each 0.85 percent that the price rose, the quantity demanded decreased by 1 percent. D) For each 1 percent that the price rose, the quantity demanded decreased by 0.85 percent.
If you believe the stock market is informationally efficient, then it is a waste of time to engage in fundamental analysis
a. True b. False Indicate whether the statement is true or false