Consider Two Markets Segments,X and Y,for Product A

question 69

Multiple Choice

Consider two markets segments,X and Y,for product A.The price elasticity of demand for product A in market X is 1.5,while the same in market Y is 3.The monopolist is selling product A in both the markets at a price of $300.Which of the following statements is true about the marginal revenue earned by the non-price discriminating monopolist from the two markets?

• A)The monopolist earns $77.78 more from market Y.
• B)The monopolist earns $99.9 more from market X.
• C)The monopolist earns $88.89 more from market Y.
• D)The monopolist earns $11.11 more from market X.

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Definitions:

Malnourished

The condition of not getting enough nutrients from food for a healthy life.

Key Nutrients

Essential substances that organisms need to acquire from their diet to maintain healthy bodily functions, such as vitamins, minerals, and amino acids.

Daily Calories

The total amount of energy, measured in calories, that a person consumes through food and drink over the course of a single day.

Genetic Modification

The manipulation of an organism's genes using biotechnology, often to enhance or introduce specific traits not naturally occurring in the organism.