Pearson eText Microeconomics -- Instant Access (Pearson+)
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ISBN: 9780136879572
Author: Robert Pindyck, Daniel Rubinfeld
Publisher: PEARSON+
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Chapter 17, Problem 3RQ
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Distinguish adverse selection and moral hazard in insurance markets.
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You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Analysts at your firm have determined that group s elasticity of demand is while group s is Your marginal cost of producing the product is $
a Determine your optimal markups and prices under thirddegree price discrimination.
b Identify the conditions under which thirddegree price discrimination enhances profits.
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Demand and supply function
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