If a monopolist engages in three-degree price discrimination in two segmented markets, but the firm's cost function is the same in both markets, in which market will the firm set a higher price?
A: The larger market in terms of market size
B: The smaller market in terms of market size
C: The market with more elastic demand
D: The market with less elastic demand
A: The larger market in terms of market size
B: The smaller market in terms of market size
C: The market with more elastic demand
D: The market with less elastic demand
举一反三
- Which of the following statements is most accurate regarding a firm’s cost of preferred shares A firm’s cost of preferred stock is:（） A: the market price of the preferred shares as a percentage of its issuance price. B: the dividend yield on the firm’s newly-issued preferred stock. C: approximately equal to the market price of the firm’s debt as a percentage of the market price of its common shares.
- If a firm in a perfectly competitive market tries to raise its price above the going market price, then:
- Which of the following money markets is the largest in terms of transaction amount in China? A: Negotiable CDs B: Interbank lending market C: Commercial paper market D: Repurchase agreements market
- When an individual firm in a competitive market increases its production, it is likely that the market price will fall.
- In ___________, there is more supply than demand, buyers are at an advantage and prices are low. A: buyer's market B: seller's market C: bull market D: bear market