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dskmvld dskmvld
wrote...
Posts: 361
A week ago

Question 1.

Assume that a monopolist practices perfect price discrimination. The firm will produce an output rate



that is less than the efficient level of output.



that converts consumers surplus into a deadweight loss.



that is greater than the efficient level of output.



that is equal to the efficient level of output.



Question 2.

Consumers who will pay high prices to be among the first to own certain new products are called



early adopters.



savvy consumers.



naive consumers.



gullible.

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kwashington67kwashington67
wrote...
Posts: 314
A week ago
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Answer 1

that is equal to the efficient level of output.



Answer 2

early adopters.

1

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