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JisselFlores JisselFlores
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Posts: 478
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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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#1
Posts: 345
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4 years ago
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JisselFlores Author
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4 years ago
Brilliant ツ
rudy.zondo
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Yesterday
You make an excellent tutor!
Mcb
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2 hours ago
Just got PERFECT on my quiz
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