If the monopolist faces identical demand for his commodity in the two separate markets, by practicing third degree price discrimination
A) Will increase his TR and total profit
B) Can increase his TR and profit
C) Cannot increase his TR and profit
D) Will charge different prices in different market
Correct Answer:
Verified
Q1: Monopolist can fix
A)Both price and output
B)Neither price
Q2: A discrimination monopolist charges in a market
A)Lower
Q3: A firm practicing price discrimination will be
A)Changing
Q4: The best level of output for the
Q6: Under pure monopoly, there will be
A)No distinction
Q7: Monopolist will not produce that portion of
Q8: Under monopoly, the equilibrium price is
A)Equal to
Q9: The cross elasticity of demand for the
Q10: Which of the following is known as
Q11: A monopolist usually earns
A)Economic profit
B)Only normal profit
C)Losses
D)Profit
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