The Table Given Below Shows the Price, Marginal Revenue and Marginal

question 9

Multiple Choice

The table given below shows the price, marginal revenue and marginal cost of a monopolist at different levels of the output. The firm does not incur a fixed cost of production.Table 11.4

-Which of the following is true of a firm that can successfully practice price discrimination?

• A)Its total revenue is often reduced.
• B)It appropriates a part of the consumer surplus.
• C)It has no way of distinguishing between types of customers.
• D)It has no market power in the industry.
• E)It must be a perfectly competitive firm.

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Definitions:

Multidomestic Strategy

A business strategy that involves a company adapting its products and marketing strategies to each country it operates in, treating each market as distinct.

National Market

A market that spans an entire country, encompassing all the geographical areas in which a product is sold.

Treated Equally

The principle or practice of giving the same treatment, opportunities, and respect to all individuals, regardless of differences.