M1 ECON23 10 ihusen/Assignment%2 04 %2 15) Use the following graph for an indust
ID: 1163184 • Letter: M
Question
M1 ECON23 10 ihusen/Assignment%2 04 %2 15) Use the following graph for an industry to answer the next question If the industry were served by a pure monopoly, the price and output quontity would be 15) 16) Use the following graph for an industry to answer the next question. Quanbity If the industry were served by a pure monopely, the deadweight loss would be 16) 17) Which of the following statenents is true of price discrimination?17) A) Successful price discrimination will previde the firm with more profit than if it did not discriminate B) successful price discriminction will generally result in a lower level of output than would be the case under a single-price monopoly ) Successful price discrimination occurs when there are differences in the cests of producing for different groups of buyers. D) successful pne discnmnation will provide the firm with lower total prefits tha .. it did diserminate.Explanation / Answer
15. The correct answer is B.
16. The correct answer is B.
17. The correct answer is C.
18. The correct answer is D.
19. The correct answer is A.
20. The correct answer is A.
21. The correct answer is C.
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