76) Consider the following pricing strategies: a.perfect price discriminationb.charging different prices to different groups of customersc.optimal two-part tariffd.single-price monopoly pricing Which of the pricing strategies leads to the economically efficient output level? 76)Diff: 3Page Ref: 527-528/527-528Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Analytic SkillsTRUE/FALSE. WriteʹTʹif the statement is true andʹFʹif the statement is false.77) When colleges use yield management techniques, they increase financial aid offers to studentslikely to be more price sensitive and they reduce financial aid offers to students likely to be lessprice sensitive.77)Answer:TrueFalseDiff: 2Page Ref: 527/527Topic: Yield ManagementLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Analytic Skills78) Colleges offer merit awards to students who ordinarily would not qualify for financial help. Somehave criticized this on grounds that merit awards disproportionately benefit students fromwealthier communities with better school systems, siphoning resources away from lower-incomestudents with greater financial need. A collegeʹs decision to grant merit awards is motivated byeconomic efficiency.78)Answer:TrueFalseDiff: 1Page Ref: 527/527Topic: Pricing StrategyLearning Outcome: Micro 5: List ways in which governments intervene in markets and explain theconsequences of such interventionAACSB: Analytic Skills79) To successfully price discriminate, a firm must ensure that there are no opportunities for arbitrage.79)Answer:TrueFalseDiff: 1Page Ref: 523/523Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Reflective Thinking 24
80) If a monopolist engages in first-degree price discrimination, it will produce the same output levelas a perfectly competitive industry.