Diff 2 Page Ref 524 525524 525 Topic Price Discrimination Learning Outcome

Diff 2 page ref 524 525524 525 topic price

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Diff: 2Page Ref: 524-525/524-525Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Analytic Skills 74)Refer to Figure 16-2.Suppose Plato Playhouse charges a single price ofPdfor each performance.Which of the following statements is true?74) A) The company is selling less than the profit-maximizing quantity in the non-student marketand more than the profit-maximizing quantity in the student market.B) The company is selling less than the profit-maximizing quantity in both markets but it ismaximizing its revenue.C) The company is selling less than the profit-maximizing quantity in both markets.D) The company is selling more than the profit-maximizing quantity in the non-student marketand less than the profit-maximizing quantity in the student market.Answer: DDiff: 2Page Ref: 524-525/524-525Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Analytic Skills 75) Consider the following pricing strategies: Which of the pricing strategies allows a producer to capture the entire consumer surplus thatwould have gone to consumers under perfect competitive pricing?75) Diff: 3Page Ref: 527-528/527-528Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopolies AACSB: Reflective Thinking 23

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