The dual pricing system of charging high price during peak time and low price during of peak time is called
A) Double pricing
B) Dual pricing
C) kinked pricing
D) peak load pricing
Correct Answer:
Verified
Q15: Price discrimination is possible:
A)Under any market form
B)only
Q16: Monopolist maximizes profit at the point where
A)MC
Q17: At the point of equilibrium of a
Q18: A multiplant monopolist maximizes his profit at
Q19: Lerner Index is a measure of:
A)Elasticity of
Q20: For a firm with monopoly power
A)Price equals
Q21: Railways is an example of :
A)Simple monopoly
B)differentiated
Q22: A market with only one buyer and
Q23: Bilateral monopoly is a market with
A)Single buyer
B)Single
Q25: Selling more than one product at a
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