Imperfect price discrimination occurs when A. the monopolist charges a single pr

Question

Imperfect price discrimination occurs when A. the monopolist charges a single price to all consumers. B. some buyers pay less than their reservation price. C. some buyers pay more than their reservation price. D. all buyers pay less than their reservation price. E. all buyers pay their reservation price. A dominant strategy occurs when. A. one player has a strategy that yields the highest payoff independent of the other play B. both players have a strategy that yields the highest payoff independent of the other's choice. C. both players make the same choice. D. the? payoff to a strategy depends on the made by the other player. E. each player has a single strategy.

Explanation / Answer

Ans 25)
Ans is D. all buyers pay less than their reservation price

Ans 26)
Ans is B

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