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Kitty [74]
3 years ago
5

A monopolist that practices perfect price discrimination A. charges one group of buyers a higher price than another group, such

as offering a student discount. B. creates no deadweight loss. C. charges a higher price but produces the same monopoly level of output as when a single price is charged.
Business
2 answers:
Goryan [66]3 years ago
5 0

Answer: B. creates no deadweight loss.

Explanation: Perfect Price Discrimination is charging for goods and services whatever price the market (end users and consumers) is willing to bear. Here, the company separates the market into groups (based on their preferences) that are charged based on their willingness to pay.

A monopoly that practices perfect price discrimination creates no deadweight loss which are the potential gains that did not go to the producer or the consumer. In this, they have perfectly segmented the market to maximize their profits, as a result can continue to sell extra units as long as additional revenue surpasses the marginal cost of production.

gregori [183]3 years ago
4 0

Answer:

The correct answer is letter "C": charges a higher price but produces the same monopoly level of output as when a single price is charged.

Explanation:

Price discrimination refers to setting prices differently according to certain consumers' features such as age, location or income. There should always be a reasonable excuse for the prices to be established at different levels for different people otherwise it would represent discrimination.

Free-price discrimination<em> takes place when a monopolist offers a good or service setting the price at the maximum level different consumers can afford. The production level of the monopolist keeps being the same which allows the company to book higher revenues.</em>

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masya89 [10]

The answer is: Evaluating

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After the result come up, the teachers would know whether the previous system is successful or not. If the result is not up to standard, then they could formulate new approaches that can be used to improve.

4 0
3 years ago
Competition in a market system denotes a condition where A. the diffusion of economic power limits its potential abuse. B. any g
iragen [17]

Answer:

The answer is: A) the diffusion of economic power limits its potential abuse.

Explanation:

Ina market system, producers will be willing to offer what consumers are willing to pay. That means that consumers are "kings" if competition exists in a market. Consumers should be able to choose what product suits them best and satisfies their needs. A large number of suppliers guarantees more consumer satisfaction.

Problems start when competition starts to vanish and monopolies appear.

7 0
3 years ago
If I need to buy groceries and I need 200 dollars, but I only have 30. How will I get more money?
liberstina [14]

Answer:

ugg

Explanation:

serious answer

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5 0
3 years ago
The four Ps make up the marketing mix, which is the __________ set of decisions or activities that the firm uses to respond to t
Alexeev081 [22]

Answer:

clear and effective strategy comprising

Explanation:

The four Ps make up the marketing mix ,which are product, price, promotion, and place. These four components help determine a clear and effective strategy to bring a product to market. Each element is crucial in its own right and needs to be given due focus .

The product is either a tangible good or an intangible service that is seem to meet a specific customer need or demand. All products follow a logical product life cycle and it is vital for marketers to understand and plan for the various stages and their unique challenges .

Price covers the actual amount the end user is expected to pay for a product. How a product is priced will directly affect how it sells. This is linked to what the perceived value of the product is to the customer rather than an objective costing of the product on offer. If a product is priced higher or lower than its perceived value, then it will not sell. This is why it is imperative to understand how a customer sees what you are selling.

The marketing communication strategies and techniques all fall under the promotion heading. These may include advertising, sales promotions, special offers and public relations.

The place or placement deals with how the product will be provided to the customer. Distribution is a key element of placement. The placement strategy will help assess what channel is the most suited to a product.

5 0
3 years ago
A medical facility does MRIs. Occasionally, the test yield inconclusive results and have to be repeated. Using the following sam
kupik [55]

Answer:

a) 0.118.

Explanation:

The computation of the UCL is shown below:

Given that

N = 100

<u>Sample    Sample size      Number of retests       fraction defective </u>

1                      100                     4                                0.04

2                     100                      11                               0.11

3                     100                      6                               0.06

4                     100                      10                              0.1

5                     100                     4                                0.04

6                     100                      6                              0.04

7                     100                      1                                0.01

8                     100                      6                               0.06

9                     100                      9                              0.09

10                   100                      11                               0.11

Total              1,000                   68

Now p is

= 68 ÷ 1000

= 0.068

Now the standard deviation is

= √p(1 - p) ÷ √n

= √0.068 × (1 - 0.068) ÷ √100

= 0.025

Now the UCL is

= p + z × standard deviation

= 0.068 + 2 × 0.025

= 0.118

5 0
3 years ago
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