Q: Where will you see more price discrimination: In monopoly-type markets with just a few firms or in…
A: I will see more price discrimination in monopoly type markets with just a few firms.
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A: Price discrimination is the pricing strategy (usually practiced by a monopolist) whereby the…
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A: We are going to find the marginal revenue per download to answer this qued
Q: What is price discrimination and how it helps the firm and the consumers
A: For price discrimination to occur, all three must be met:1.The producer should be able to establish…
Q: Explain why it is not possible for a monopoly firm to maximise its profits by charging a price in…
A: Answer: A monopoly firm maximizes its profit in the upper or elastic region of the demand curve. It…
Q: Why is it difficult to regulate a monopolistically competitive market to increaseefficiency?
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Q: what is an example of parallel pricing ?
A: Parallel pricing is a method of copying other companies' pricing strategies, especially…
Q: Suppose you operate in a monopoly environment and you set your price in order to achieve maximum…
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Q: Find an article or life examples with a relevant example relating to Price discrimination.
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Q: What could be some types of discriminatory pricing policies?
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Q: how monopolists in the Philippines are being regulated by the government.
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Q: Is it feasible to prohibit monopolies in all markets?
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Q: What conditions may permit oligopolies to discriminate consumers?
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Q: What is price discrimination and when does it work?
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Q: what market inefficiencies derive from monopolies and monopolistic competition?
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Q: How does price discrimination help customers?
A: A selling strategy that charges consumers prices at different levels for the same product or service…
Q: In the long run, monopolistically competitive firms will charge price
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Q: how do monopolies affect societys well being?
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Q: Describe how marketersclassify products
A: A product is a good or a commodity that is put out for sale in exchange of money. The price of a…
Q: Why do firms have an incentive to price discriminate?
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How does the internet affect the ability of firms to
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- Jonny and Chen Brad Baxter have just made a documentary movie about their basketball team. They are thinking about making the movie available for download on the Internet, and they can act as a single- price monopolist if they choose to. Each time the movie is downloaded ,their Internet service provider charges them a fee of $4. They are now arguing about which price to charge customers per download. The accompanying table shows the demand schedule for their film. Price per download Quantity of download demanded $10 8 1 3 4 10 15 a. Calculate the total revenue and the marginal revenue per download. b. They are proud of the film and wants as many people as possible to download it. Which price would they choose? How many downloads would be sold? c. They want as much total revenue as possible. Which price would he choose? How many downloads would be sold?Describe how marketersclassify productsScenario Use the following information to answer questions 16-19. The graph below shows the market demand for computers in a small country. To develop a domestic computer industry, the government prohibits imports of computers and gives a single local firm the sole right to produce and sell computers (that is, it is a legal monopoly). The demand curve shows the local demand for computers. The cost curves show the marginal cost (MC) and average total cost (ATC) of the single producer. The graph also shows the marginal revenue (MR) curve faced by this firm. Price per computer (Dollars) $3500 $3000 $2500 $2000 $1500 $1000 $500 0 MR MC.. ATC Demand 10 20 30 40 50 60 70 Quantity of computers (number per year)
- Jonny and Chen Brad Baxter have just made a documentary movie about their basketball team. They are thinking about making the movie available for download on the Internet, and they can act as a single-price monopolist if they choose to. Each time the movie is downloaded, their Internet service provider charges them a fee of $4. They are now arguing about which price to charge customers per download. The accompanying table shows the demand schedule for their film. Quantity of download demanded Price per download $10 8 3 4 6 2 10 15 d. They want to maximize profit. Which price would he choose? How many downloads would be sold?why price discrimination is profitable in the perfume market or industry ?Is it feasible to prohibit monopolies in all markets? Does advertising help or hurt consumers?
