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

question 45

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 not a necessary condition for price discrimination?

• A)​The firm must be a price maker.
• B)​The firm must be able to distinguish between customers.
• C)​The firm must be able to prevent resale of a product between customers.
• D)​The firm must be able to produce homogeneous products.
• E)​The firm must have a downward-sloping demand curve.

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A personality trait characterized by outgoingness, high energy, and a preference for socialization and external stimulation.

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An individual's belief in their capability to execute behaviors necessary to produce specific performance attainments.

Standardized Tests

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the ability to regulate one’s thoughts, emotions, and behaviors, especially in challenging situations, in order to achieve long-term goals.