80 Answer True False Diff 2 Page Ref 527 528527 528 Topic Perfect Price

80 answer true false diff 2 page ref 527 528527 528

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80) Answer:TrueFalseDiff: 2Page Ref: 527-528/527-528Topic: Perfect Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Reflective Thinking 81) Because each customer pays according to her willingness to pay, a consumer maximizes herconsumer surplus under first-degree price discrimination.81) Diff: 2Page Ref: 527-528/527-528Topic: Perfect Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Reflective Thinking 82) One reason why McDonaldʹs charges a single price for its products is that it is difficult and costlyfor the company to determine each individual consumerʹs willingness to pay.82) Diff: 2Page Ref: 523/523Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Reflective Thinking 83) Both first -degree price discrimination and optimal two-part tariff pricing maximize economicsurplus.83)Answer:TrueFalseDiff: 2Page Ref: 527-528/527-528Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Reflective ThinkingESSAY. Write your answer in the space provided or on a separate sheet of paper. 84) What is the difference between price discrimination and other forms of discrimination? Diff: 2Page Ref: 522/522Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how public policies affect monopolies AACSB: Reflective Thinking 25

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