What are ways in which a monopolist can engage in price discrimination? Provide one or two...
Homework Answers
A monopoly generally engages in price discrimination by charging a higher price to the consumers that have a higher elasticity of the demand and a lower for the more elastic demand consumers, they also charge a different price for the goods if they are in different quantity and if the consumer groups are different like a children people are charged less for a movie as compared to older people.
IN our daily life we experience price discrimination in flight ticket booking were more inelastic demand that is business class people are charged more than leisure traveller.
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What are ways in which a monopolist can engage in price
discrimination? Provide one or two...
true or false A monopolist that can practice price discrimination will have a larger producer surplus...
true or false A monopolist that can practice price discrimination will have a larger producer surplus than a monopolist that cannot practice price discrimination.
4. If a monopolist can practice third degree price discrimination, what group gets a lower price...
4. If a monopolist can practice third degree price discrimination, what group gets a lower price and why? [Aim for around 200 words] 5. What is a natural monopoly? Do you think that pharmaceutical drugs fit this description? Why or why not? [Aim for around 200 words]
1. Monopoly and price discrimination: (a) What is the profit maximization condition for a (single-price) monopolist...
1. Monopoly and price discrimination: (a) What is the profit maximization condition for a (single-price) monopolist in the short-run? How about in the long-run? Is it efficient to have monopoly in the society? Why or why not? When does the government allow monopoly? (b) If a monopolist is allowed to price-discriminate, what are the three broad categories of discrimination? Explain each one of them with example.
In order to engage in price discrimination, which of the following must be true? Group of...
In order to engage in price discrimination, which of the following must be true? Group of answer choices Market can be segmented Firm has monopoly power All of these Goods cannot be resold
A monopolist practicing (perfect) price discrimination has Select one: a. the same deadweight loss triangle as...
A monopolist practicing (perfect) price discrimination has Select one: a. the same deadweight loss triangle as a single-price monopolist. b. a larger deadweight loss triangle than a single-price monopolist has. O C. a deadweight loss triangle one-half the size of what it would be with uniform pricing. d. no deadweight loss triangle. 0: 51
Question 2 (35 points): (3rd Degree Price Discrimination) Let there be a monopolist firm and two ...
Please answer clearly and explain. Thank you!
Question 2 (35 points): (3rd Degree Price Discrimination) Let there be a monopolist firm and two groups of consumers. Suppose that marginal cost is defined by MC- 2. The demand that each consumer receives is given by 1 50- P 2Q2- 200 - P2 i) (4 points) Consider the monopolist engages in first degree price discrimina- tion only in market 2. Compute the monopoly profit in this market. ii) (4 points) Which group...
(3rd Degree Price Discrimination) A Monopolist selling a cell phone in two separate markets. They must...
(3rd Degree Price Discrimination) A Monopolist selling a cell phone in two separate markets. They must decide how much to sell in each market in order to maximize their total profits. The demand in the Brazilian Market is : QBrazil = 120 – 10PBrazil The demand in the United States Market is: QUSA = 60 – 20PUSA If Total Cost is: TC = 90 + 2(QUSA +QBrazil) Calculate the Price and Quantity if the Monopolist Maximized their profit...
Question 2 (35 points): (3rd Degree Price Discrimination) Let there be a monopolist firm and two ...
Please answer clearly and explain.
Question 2 (35 points): (3rd Degree Price Discrimination) Let there be a monopolist firm and two groups of consumers. Suppose that marginal cost is defined by MC- 2. T'he demand that each consumer receives is given by Q,-50-pl 202 200-P 1) ( 4 points) Consider the monopolist engages in first degree price discrimina- tion only in market 2. Compute the monopoly profit in this market. ii) (4 points) Which group has a mhore inelastic demand...
2. Does a monopoly cause inefficiency? Provide a detailed discussion. 5. What is a monopsony? Provide...
2. Does a monopoly cause inefficiency? Provide a detailed discussion. 5. What is a monopsony? Provide examples to justify your answer. 6. What is meant by price discrimination? Why does the monopoly firm engage in price discrimination? 8. What is the logic behind price discrimination? 10. Discuss what is meant by perfect price discrimination.
please help solve. Is this also 3rd degree price discrimination? A price-discriminating monopolist faces the following...
please help solve. Is this also
3rd degree price discrimination?
A price-discriminating monopolist faces the following inverse demand functions: In Market One it is P1- 80-Q1 and in Market Two it is P2 60-Q2 Marginal cost is constant at $10. Consumers in market two can resell the good to consumers in market one at a cost of $4 per unit. Find the profit-maximizing quantity and price charged in each market subject to the resale constraint.
4. If a monopolist can practice third degree price discrimination, what group gets a lower price and why? [Aim for around 200 words] 5. What is a natural monopoly? Do you think that pharmaceutical drugs fit this description? Why or why not? [Aim for around 200 words]
1. Monopoly and price discrimination: (a) What is the profit maximization condition for a (single-price) monopolist in the short-run? How about in the long-run? Is it efficient to have monopoly in the society? Why or why not? When does the government allow monopoly? (b) If a monopolist is allowed to price-discriminate, what are the three broad categories of discrimination? Explain each one of them with example.
A monopolist practicing (perfect) price discrimination has Select one: a. the same deadweight loss triangle as a single-price monopolist. b. a larger deadweight loss triangle than a single-price monopolist has. O C. a deadweight loss triangle one-half the size of what it would be with uniform pricing. d. no deadweight loss triangle. 0: 51
Please answer clearly and explain. Thank you!
Question 2 (35 points): (3rd Degree Price Discrimination) Let there be a monopolist firm and two groups of consumers. Suppose that marginal cost is defined by MC- 2. The demand that each consumer receives is given by 1 50- P 2Q2- 200 - P2 i) (4 points) Consider the monopolist engages in first degree price discrimina- tion only in market 2. Compute the monopoly profit in this market. ii) (4 points) Which group...
Please answer clearly and explain.
Question 2 (35 points): (3rd Degree Price Discrimination) Let there be a monopolist firm and two groups of consumers. Suppose that marginal cost is defined by MC- 2. T'he demand that each consumer receives is given by Q,-50-pl 202 200-P 1) ( 4 points) Consider the monopolist engages in first degree price discrimina- tion only in market 2. Compute the monopoly profit in this market. ii) (4 points) Which group has a mhore inelastic demand...
please help solve. Is this also
3rd degree price discrimination?
A price-discriminating monopolist faces the following inverse demand functions: In Market One it is P1- 80-Q1 and in Market Two it is P2 60-Q2 Marginal cost is constant at $10. Consumers in market two can resell the good to consumers in market one at a cost of $4 per unit. Find the profit-maximizing quantity and price charged in each market subject to the resale constraint.
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