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Equilibrium of a discriminating monopolist requires the fulfillment of which one of the following conditions?

A. It must be profitable to him to sell output in more than one market

B. Marginal revenue in both markets must be the same

C. Marginal revenue in both markets must also be equal to the marginal cost of producing the monopolists aggregate output

D. All the above

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  2. Theory of revealed preference is based on:
  3. If the demand curve remains unchanged and supply increases, the price will:
  4. The ordinary demand curve is also called:
  5. Cross-elasticity of demand or cross-price elasticity between two independent goods will be:
  6. The alternative of profit maximization theory is:
  7. In cournot model, firms make decisions separately regarding:
  8. Who wrote An Introduction to Positive Economics?
  9. For the equilibrium of the firm and the industry in the short period in a competitive market, the condition…
  10. The low cost price leader will charge:
  11. If a straight line supply curve makes an intercept on the Y-axis, elasticity of supply is:
  12. Human wants are:
  13. The main contribution of Alfred Marshal is in the field of:
  14. Perfect competition implies:
  15. The minimization of costs subject to output requires equilibrium at the lowest:
  16. The budget line is described by each of the following except:
  17. Identify the factor, which generally keeps the price elasticity of demand for a commodity low:
  18. Ordinal approach includes arranging:
  19. When the level of optimal factor combination is over and more labor is employed with the fixed plant,…
  20. The difference between average cost and average revenue is:
  21. Under perfect competition, at equilibrium, marginal cost is:
  22. The Law of Diminishing Marginal Returns can be explained in terms of:
  23. According to classical approach, utility can be:
  24. Iso-product curve (isoquant) shows:
  25. Used cars are sold in:
  26. As the price of diamond is higher, so it has:
  27. When the income of consumer increases then budget line will:
  28. A vertical supply curve parallel to the price axis implies that the elasticity of supply is:
  29. One common definition of a luxury good is a good with income elasticity:
  30. Cartel is associated with: