In Order to Maximize Revenue from the Sale of a Fix

question 15

Multiple Choice

In order to maximize revenue from the sale of a fix quantity of output in two markets, a monopolist engaged in ordinary price discrimination would:

• A)sell half the goods in each market.
• B)make sure it sells all the units of the good.
• C)allocate output so that MC is the same in both markets.
• D)allocate output so that MR is the same in both markets.

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Definitions:

Operation Dixie

A post-World War II campaign launched by the Congress of Industrial Organizations (CIO) aimed at unionizing Southern textile workers and promoting racial integration in the industrial sector.

Anti-Labor Conservatives

Individuals or groups holding conservative ideologies that typically oppose labor movements, union activities, and policies aimed at improving conditions for workers.

GIs

Term commonly used to refer to soldiers of the United States Army and airmen of the United States Army Air Forces, especially those who served during World War II.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations and marked by significant battles, genocide, nuclear bombings, and the Holocaust.