48. Price discrimination allows a producer to: A. Reap the highest possible average price for the quantity supplied. B. Increase the elasticity of consumer demand. C. Minimize marginal costs. D. Decrease total costs.
49. Price discrimination does notallow a producer to: of twelve B. Charging a lower price for matinees C. Charging a lower price for people over the age of 65
50. Price-discriminating firms charge higher prices to those who:
51. Price-discriminating firms which sell in two markets will charge higher prices in the market, ceteris paribus: A. With a higher positive cross-price elasticity of demand with respect to substitutes. B. With the more price-inelastic demand. C. With the more income-elastic demand.
52. If tourists are charged a much higher price than the natives of a country for exactly the same item, what kind of pricing is involved?
53. Which of the following markets best illustrates the practice of price discrimination? A. The airline market B. The fast-food market
54. A monopolist who does notpractice price discrimination should never produce in the:
55. Which of the following is notan example of price discrimination by the only movie theater in town? A. Charging a lower price for children under the age of twelve B. Charging a lower price for matinees C. Charging a lower price for people over the age of 65
56. A monopoly can have a high degree of market power because of all but: