When Will Setting a Relatively High Entry Fee and a Low

question 57

Multiple Choice

When will setting a relatively high entry fee and a low competitive price be the best strategy for a two-part tariff monopolist?

• A) When the customers are nearly identical.
• B) When the customers have inelastic demand for the product.
• C) When the customers place a relatively low value on their time.
• D) When the customers can be separated into a number of diverse groups.

---

Definitions:

Socially Constructed

A concept or perception that is created and developed by society through cultural and social practices, rather than existing inherently.

Patriarchal

Describing a societal structure or system in which men hold the majority of power and authority, particularly in the home and in the wider society.

Masculinity

A set of attributes, behaviors, and roles often associated with boys and men, shaped by social, cultural, and biological factors, and subject to evolving definitions.

Organizational Scholars

Experts or academics who study the behavior, design, and culture of organizations and how they operate.