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JisselFlores JisselFlores
wrote...
Posts: 478
4 years ago

Question 1.

Price discrimination is possible in which of the following market structures?

a.

perfect competition

b.

monopoly

c.

oligopoly

d.

monopolistic competition


a, b, c, and d



c and d only



b and c only



b, c, and d only



Question 2.

Calling long distance is often more expensive on weekdays between 8 am and 5 pm than in the evening hours. Why is this the case?



Businesses who must call suppliers or customers during business hours have few alternatives and therefore have an inelastic demand during the workday compared to after-work hours.



The cost of making long-distance connections is higher during the day than in the evenings.



Increasingly, businesses who must call suppliers or customers during business hours resort to the internet, thereby reducing demand for long-distance calls. To make up for this fall in demand, telephone companies charge higher rates.



Telephone companies hope to discourage customers from calling long distance during the day to keep their labor costs down.

Textbook 
InMicro

InMicro


Edition: 1st
Authors:
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NicoleLoveNicoleLove
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Posts: 345
4 years ago
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