For each of the following examples, explain how and why a monopoly would try to price discriminate.
Question:
a. Air transport for businesspeople and tourists
b. Serving food on weekdays to businesspeople and retired people.
c. A theater that shows the same movie to large families and to individuals and couples.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
a A monopoly firm discriminates price for maximizing the profitability The profit maximization is th...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
For each of the following examples, explain whether it is a case of external or internal economies of scale: a. Most musical wind instruments in the United States are produced by more than a dozen...
-
For each of the following examples of information, specify whether it would be included in an environmental management accounting system as monetary information (M), physical information (P), or not...
-
For each of the following examples of general controls, classify the control based on appropriate category (program development controls, program change con-trols, computer operations controls, and...
-
3. How do the marginal costs of pollution reduction and the marginal costs of pollution damage change as pollution levels increase? The marginal costs of pollution reduction remain constant and the...
-
Flygt Corporation sells one product, its waterproof hiking boot. It began operations in the current year and had an ending inventory of 10,500 units. The company sold 20,000 units throughout the...
-
What is a scenario in Solver?
-
The accounting records of Dwter Minerals Corporation provide income statement data for 2008. Total expenses include depreciation of \(\$ 50,000\) computed under the straight-line method. In...
-
Demand for stereo headphones and an MP3 player for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand...
-
In the Amazon and Zappos merger, what was Zappos BATNA? Be specific and cite sources.
-
Shawn and Amy were college sweethearts and had been married for 20 wonderful years. They lived in Denver, Colorado. Shawn was one of three partners with the OMG! Engineering firm. Unfortunately,...
-
Under federal law, only the U.S. Postal Service has the right to deliver first-class mail. Thus, a consumer can either send a letter via the U.S. Postal Service for less than 50 cents or pay FedEx or...
-
A monopolist's revenues vary directly with price. Is it maximizing its economic profits? Why or why not?
-
Because of higher competition and market saturation, marketers in industrialized countries try to develop third-world markets. Asian consumers alone spend $90 billion a year on cigarettes, and U.S....
-
An electron begins at rest, and then is accel- erated by a uniform electric field of 800 N/C that extends over a distance of 8 cm. Find the speed of the electron after it leaves the region of uniform...
-
Use the notation 001 000 1 where represents any number for a matrix in echelon form. Then, for the linear transformation T, show the allowable echelon form of a matrix A that satisfies the following:...
-
A person stands on top of a tall building holding two rocks at aheight of 50 meters. At the same moment, one rock is dropped fromrest while the other is thrown downwards with an initial velocityof...
-
Three children are riding on the edge of a merry-go-round that has a mass of 105 kg and a radius of 1.72 m. The merry-go-round is spinning at 24.2 rpm. The children have masses of 22.0, 28.0, and...
-
Two blocks are positioned on surfaces, each inclined at the same angle of 57.0 degrees with respect to the horizontal. The blocks are connected by a rope which rests on a frictionless pulley at the...
-
The freezing point of an aqueous solution is -2.79 C. a. Determine the boiling point of this solution. b. Determine the vapor pressure (in mm Hg) of this solution at 25 C (the vapor pressure of...
-
What is master production scheduling and how is it done?
-
What If the Facts Were Different? Suppose that Carnero had been an American working for BSA and BSB. Would the result in this case have been the same? Discuss.
-
The Legal Environment Dimension How might the courts decision in this case frustrate the basic purpose of the Sarbanes-Oxley Act, which is to protect investors in U.S. securities markets and the...
-
What are the ramifications for the defendants of the ruling in this case?
-
A large hospital required nurses to work 80 hours over two-week (14 day) pay periods. In addition, nurses were also considered to be "on-call" for an additional 20 hours during the pay period. While...
-
Describe the history of the HIPAA, explaining why it is essential. Consider the following questions in your response: Why is understanding the history of the HIPAA law essential in decision making...
-
"I'm not sure we should lay out $265,000 for that automated welding machine," said Jim Alder, president of the Superior Equipment Company. "That's a lot of money, and it would cost us $75,000 for...
Study smarter with the SolutionInn App