A Monopolistic Producer Supplying Raw Materials to Two Industries One

question 45

Multiple Choice

A monopolistic producer supplying raw materials to two industries one with a lower price elasticity of demand and the other with a high price elasticity of demand, practices _____ to prevent its low price elastic consumers (who have more elastic demands) from reselling its products to high price consumers (who have less elastic demands) .

• A)vertical integration
• B)price discrimination
• C)double marginalization
• D)price control

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Definitions:

Two Years

A period of time equal to 24 months or 730 days, often used to measure medium-term durations.

Night Shifts

Work schedules that require individuals to work during the nighttime hours, often involving different challenges and health implications than day shifts.

Toddler Care

The specific practices and provisions designed to cater to the health, safety, and developmental needs of young children aged 1 to 3 years.

Relative Poverty

A condition where individuals or families have considerably less income or resources than the average in their society or community, making it difficult to maintain an average standard of living.