Suppose that The University of Memesland (UM) and Memesland University of Technology (MUT) are the only two universities in Australia that provide online courses to students. Recently they have faced new, international competition, such as the American low- cost university, Horvord. Horvord specialises in providing online courses at a discount to students if they purchase many courses with Horvord. Select the item from the list provided to make the following statements true. When compared to UM and MUT, Horvord could be argued to be engaging in discrimination. price Before Horvord existed, UM and MUT existed in a state of strategic competition, and they both chose dominant strategies that resulted in significant losses for both of them. They were likely facing a If UM decides to offer courses at a discounted price to people under 25 years old, this could be described as price discrimination. 1. first degree 2. second degree 3. peak load pricing 4. pricing power 5. arbitrage 6. inefficient 7. collusion 8. third degree 9. dominated 10. prisoner's dilemma 11, efficient

Suppose that The University of Memesland (UM) and Memesland University of Technology (MUT) are the only two universities in Australia that provide online courses to students. Recently they have faced new, international competition, such as the American low- cost university, Horvord. Horvord specialises in providing online courses at a discount to students if they purchase many courses with Horvord. Select the item from the list provided to make the following statements true. When compared to UM and MUT, Horvord could be argued to be engaging in discrimination. price Before Horvord existed, UM and MUT existed in a state of strategic competition, and they both chose dominant strategies that resulted in significant losses for both of them. They were likely facing a If UM decides to offer courses at a discounted price to people under 25 years old, this could be described as price discrimination. 1. first degree 2. second degree 3. peak load pricing 4. pricing power 5. arbitrage 6. inefficient 7. collusion 8. third degree 9. dominated 10. prisoner's dilemma 11, efficient

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter9: Monopoly

Section: Chapter Questions

Problem 31P: Return to Figure 9.2. Suppose P0 is 10 and P1 is 11. Suppose a new firm with the same LRAC curve as...

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