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mkatz1986 mkatz1986
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6 years ago
When the price of good X rises, the demand for good Y rises. Explain what this relationship implies about the two goods.
 
  What will be an ideal response?


Ques. 2

Define price discrimination. What factors must be present in order for a monopolist to price discriminate? Why do firms price discriminate?
 
  What will be an ideal response?


Ques. 3

What are the characteristics of a market that allow a monopolist to successfully price discriminate between groups?
 
  What will be an ideal response?


Ques. 4

What is price discrimination? Can a perfectly competitive firm price discriminate? Explain you answer.
 
  What will be an ideal response?


Ques. 5

Explain the law of diminishing marginal utility. How does it relate to the shape of the demand curve?
 
  What will be an ideal response?


Ques. 6

What is price discrimination? Give examples of price discrimination.
 
  What will be an ideal response?
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xstealthx08xstealthx08
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6 years ago
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mkatz1986 Author
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#2
6 years ago
Thank you for always stepping in by helping me with my homework
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