Quiz_163 - 55 RefertoFigure16-1..Whichofthefollowing statementsistrue A , B

Quiz_163 - 55 RefertoFigure16-1..Whichofthefollowing...

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55)Refer to Figure 16-1.Suppose Chantal practices price discrimination. Which of the followingstatements is true?A) By charging a higher price in market B, Chantal has transferred some of the consumersurplus from customers in market B to customers in market A.B) Chantalʹs profits will be higher if she has uniform pricing instead of different prices fordifferent groups of customers.C) By charging different prices in markets A and B, Chantal can transfer some producer surplusinto economic profit.D) By charging a higher price in market B, Chantal can convert some consumer surplus intoeconomic profit.55)Answer: DDiff: 2Page Ref: 523-524/523-524Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Analytic Skills56)Refer to Figure 16-1.Suppose Chantal charges all her customers a uniform price of $10 for ahaircut. Which of the following statements is true?Diff: 2Page Ref: 523-524/523-524Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Analytic Skills

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