In price discrimination, which section of the market is charged the higher price ?

Related Mcqs:

X inefficiency occurs when ?

A. The price is greater than the marginal cost B. The price is greater than the average cost C. Costs are higher than they could be due to a lack of competitive pressure D. There are external cost...

The purpose of antitrust (also known as competition) laws is to ?

A. Increase competition in an industry by preventing mergers and breaking up large firms. B. regulate the prices charged by a monopoly C. increase merger activity to help generate synergies that reduce costs and raise efficiency. D. create public ownership of natural monopolies E. all of these answers...

Which of the follow statements about price discrimination is not true ?

A. Perfect price discrimination generates a deadweight loss B. Price discrimination can raise economic welfare. C. price discrimination requires that seller be able to separate buyers according to their willingness to pay. D. Price discrimination increases a monopolist’s profits. E. For a monopolist to engage in price discrimination buyers must be unable to engage in … Which of the follow statements about price discrimination is not true ?Read More...

In a monopoly which of the following is not true ?

A. Products are differentiated B. There is freedom of entry and exit into the industry in the long run C. The firm is a price taker D. There is one main sellers...

According to Schumpeter ?

A. Monopolies are inefficient B. Monopoly profits ac as an incentive for innovation C. Monopolies are alocatively efficient D. Monopolies are productively efficient...