A monopolist who charges a different price for each unit of the commodity sold is called:
a. a perfectly competitive monopolist.
b. a natural monopolist.
c. a perfectly discriminating monopolist.
d. an elastic monopolist.
c
Economics
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Both optimization in levels and optimization in differences:
A) consider only the benefits from different alternatives. B) consider only the costs incurred in different alternatives. C) provide identical answers when comparing two alternatives. D) require the calculation of change in net benefits of switching from one alternative to another.
Economics
Which of the following statements is (are) true concerning a pure competition situation?
a. Its demand curve is represented by a vertical line. b. Firms must sell at or below market price. c. Marginal revenue is equal to price. d. both b and c e. both a and b
Economics