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Reading 19: Monopoly - LOS c ~ Q6-8

6.A practice whereby a seller charges different prices to different consumers of the same product or service is called:

A)   price discrimination.

B)   price competition.

C)   fractional pricing.

D)   discriminatory pricing.

7.In order for effective price discrimination to occur the seller must:

A)   face a demand curve with a negative slope.

B)   maximize revenue by selling at the highest price possible.

C)   be able to advertise the product among customers.

D)   have more than one identifiable group of customers with the same price elasticities of demand for the product.

8.The practice of charging different consumers different prices for the same product or service is called:

A)   price discrimination.

B)   price searching.

C)   variable pricing.

D)   competitive pricing.

答案和详解如下:

6.A practice whereby a seller charges different prices to different consumers of the same product or service is called:

A)   price discrimination.

B)   price competition.

C)   fractional pricing.

D)   discriminatory pricing.

The correct answer was A)

Price discrimination is the practice of charging different consumers different prices for the same product or service.

7.In order for effective price discrimination to occur the seller must:

A)   face a demand curve with a negative slope.

B)   maximize revenue by selling at the highest price possible.

C)   be able to advertise the product among customers.

D)   have more than one identifiable group of customers with the same price elasticities of demand for the product.

The correct answer was A)

In order for effective price discrimination to occur, the seller must have a downward sloping demand curve. The seller must also have at least two identifiable groups of customers with <>price elasticities of demand for the product, and the seller must be able to prevent customers from reselling the product.

8.The practice of charging different consumers different prices for the same product or service is called:

A)   price discrimination.

B)   price searching.

C)   variable pricing.

D)   competitive pricing.

The correct answer was A)

The practice of charging different consumers different prices for the same product or service is called price discrimination.

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