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fattykay92 fattykay92
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4 years ago

Question 1.

Consumers who ________ will be more likely to buy goods in outlet malls at a lower price, while consumers who ________ will be more willing to pay full price in regular stores.

▸

are more status-conscious; are less status-conscious



▸

are more price-sensitive; are less price-sensitive



▸

are less price-sensitive; are more price-sensitive



▸

have high levels of wealth; low levels of wealth



Question 2.

Assume that a monopolist practices perfect price discrimination. The firm's marginal revenue curve will



▸

lie below its demand curve.



▸

be equal to its demand curve.



▸

be perfectly inelastic.



▸

be perfectly elastic.

Textbook 
InMicro

InMicro


Edition: 1st
Authors:
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antheadanthead
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4 years ago
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fattykay92 Author
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#2
4 years ago
Smart ... Thanks!
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