1) A supermarket offers one bag of peanuts for $3.5 and three bags of peanuts for $10. What type of price discrimination is this supermarket engaging in? pick one: cartel price discrimination first-degree price discrimination third-degree price discrimination second-degree price discrimination perfect price discrimination 2) The short-run equilibrium for a monopolistically competitive firm is at price equals $21, average total cost equals $27, and marginal cost equals marginal revenue equals $18. Which of the following is true? pickone: The firm could decrease the price and increase profits. The firm could increase the price and increase profits. The firm is operating in the upward-sloping portion of the average total cost (ATC) curve. Some firms will leave this industry. More firms will be attracted into the industry.
1) A supermarket offers one bag of peanuts for $3.5 and three bags of peanuts for $10. What type of price discrimination is this supermarket engaging in? pick one: cartel price discrimination first-degree price discrimination third-degree price discrimination second-degree price discrimination perfect price discrimination 2) The short-run equilibrium for a monopolistically competitive firm is at price equals $21, average total cost equals $27, and marginal cost equals marginal revenue equals $18. Which of the following is true? pickone: The firm could decrease the price and increase profits. The firm could increase the price and increase profits. The firm is operating in the upward-sloping portion of the average total cost (ATC) curve. Some firms will leave this industry. More firms will be attracted into the industry.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
1)
A supermarket offers one bag of peanuts for $3.5 and three bags of peanuts for $10. What type of
pick one:
cartel price discrimination
first-degree price discrimination
third-degree price discrimination
second-degree price discrimination
perfect price discrimination
2)
The short-run equilibrium for a
pickone:
The firm could decrease the price and increase profits.
The firm could increase the price and increase profits.
The firm is operating in the upward-sloping portion of the average total cost (ATC) curve.
Some firms will leave this industry.
More firms will be attracted into the industry.
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