【单选题】A monopolist finds that a person's demand for its product depends on the person's age. The inverse demand function of someone of age y; can be written p = A(y) function of y. The product cannot be res...
A.
older people will pay higher prices and purchase less of this product.
B.
older people will pay higher prices and purchase more of this product.
C.
older people will pay lower prices and purchase more of this product.
D.
everyone pays the same price but old people consume more.
【简答题】Many schemes for price discriminating involve some cost. For example, discount coupons take up time and resources from both the buyer and the seller. This question considers the implications of costly...
【单选题】Consider the informative advertising, which generate a demand function for the monopolist as , where are respectively the price and advertising expenditure, presents the advertising elasticity of dema...
A.
If monopolist raises the advertising expenditure A, the demand becomes more elastic to price.
B.
If monopolist raises the advertising expenditure A, the demand becomes less elastic to price.
C.
In order to make a positive profit, it should be such that so that the demand is more sensitive to price than to advertising.
D.
If the demand becomes less elastic to price, the monopolist reduces the advertising intensity
【判断题】In a monopoly market, the socially efficient quantity of output is typically higher than the profit-maximizing quantity of output for the monopolist.