If a monopolist can sell 2 units at price of $200 per unit and 3 units at a pric

ID: 1246840 • Letter: I

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If a monopolist can sell 2 units at price of $200 per unit and 3 units at a price of $180 per unit, its marginal revenue at an output of 3 is? Which of the following conditions is not necessary for a firm to be able to engage in price discrimination by market segmentation? I. The firm must be able to produce to the point at which price equals marginal cost. II. The firm must be able to identify consumers with different demand for the product. III. The firm must be able to prevent resale of the item it produces and sells.

Explanation / Answer

The firm must be able to prevent resale of the item it produces and sells it is not necessary to do this.

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If a monopolist can sell 2 units at price of $200 per unit and 3 units at a pric

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