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sinerus sinerus
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6 years ago
Suppose that a price discriminating monopolist is able to divide its market into two groups. If the firm sells its product for $50 to the group whose customers have the most elastic demand, what price are they likely to charge to the group whose customers have the least elastic demand?
A) less than $50
B) more than $50
C) $50
D) The answer depends on the marginal revenue for that group.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
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tristiontristion
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sinerus Author
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Correct Slight Smile TY
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