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.Management Sciences
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 arbitrage.
Related Mcqs:
- In monopoly which of the following is true ?
- A. There are many buyers and sellers B. There is one main buyer C. There is one main seller D. The actions of one firm do not affect the market price and quantity...
- A welfare loss occurs in monopoly where ?
- A. The price is greater than the marginal cost B. The price is greater than the marginal benefit C. The price is greater than the average revenue D. The price is greater than the marginal revenue...
- In order to practice price discrimination which of the following is needed ?
- A. some degree of monopoly power B. an ability to separate the market C. an ability to prevent reselling D. all of the above...
- The marginal revenue curve in monopoly ?
- A. Equals the demand curve B. Is parallel with the demand curve C. Lies below and converges with the demand curve D. Lies below and diverges from the demand curve...
- 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...
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