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Gillespie: Foundations of Economics 2e

Unit 15


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Question 1

Barriers to entry:

Question 2

Which best describes price discrimination?

Question 3

For a firm operating in two markets and price discriminating when profit maximizing

Question 4

If the price elasticity of demand for a product in market A is -0.2 and in market B is -3 a price discriminator will charge:

Question 5

In perfect price discrimination:

Question 6

A benefit to consumers of price discrimination is that:

Question 7

In perfect price discrimination:

Question 8

When price discriminating abnormal profits are made if:

Question 9

Barriers to entry:

Question 10

Barriers to entry do not include