Top Posters
Since Sunday
82
a
50
14
10
G
9
I
8
m
8
7
m
7
K
7
6
b
6
New Topic  
fattykay92 fattykay92
wrote...
Posts: 323
A week 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


Edition: 1st
Authors:
Read 45 times
2 Replies
Replies
Answer verified by a subject expert
antheadanthead
wrote...
Posts: 323
Rep: 5 0
A week ago
Sign in or Sign up in seconds to unlock everything for free.

Answer 1

are more price-sensitive; are less price-sensitive



Answer 2

be equal to its demand curve.

1

Related Topics

wrote...
A week ago
Smart ... Thanks!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers.
Learn More
Improve Grades
Help Others
Save Time
Accessible 24/7
  123 People Browsing
 111 Signed Up Today
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 59

Related Images
 878
 125
 91