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

question 38

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

-To practice price discrimination, a firm:

• A)must face a relatively elastic demand curve.
• B)must have customers with different elasticities of demand.
• C)must not be able to distinguish between customers based on elasticities of demand.
• D)must not be able to prevent resale of the product.
• E)must be a price taker.

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Research investigations focusing on the effects of heredity and environment by comparing adopted children to their biological and adoptive parents.

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