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Question 27 (1 point) Imposing a per unit tax on a perfectly_price discriminating monopolist will have...

Question:

Question 27 (1 point) Imposing a per unit tax on a perfectly_price discriminating monopolist will have an uncertain impact onQuestion 29 (1 point) Assume that a monopolist produces output at a constant marginal cost of $12.00. If the monopolist sells

Question 27 (1 point) Imposing a per unit tax on a perfectly_price discriminating monopolist will have an uncertain impact on output. shift out the consumer demand curve. reduce its output increase its output. Question 28 (1 point) In a Cournot duopoly model with inverse market demand P = a - bQ, where a and b are positive constants, and zero marginal costs for both firms, the output and price for each duopolist are, a/b and 0. 2a/3b and a/3. a/3b and 2a/3. a/3b and a/3.
Question 29 (1 point) Assume that a monopolist produces output at a constant marginal cost of $12.00. If the monopolist sells in two different markets, market A where the elasticity of demand is -2 and market B where the elasticity of demand is -4, what will be the profit-maximizing prices in the two markets? Price in market A will be $12 and Price in market B will be $24. Price in market A will be $24 and Price in market B will be $16. Price in market A will be $20 and Price in market B will be $10. Price in market A will be higher than the price in market B, but the actual level cannot be determined with the information given. Question 30 (1 point) Price discrimination is more common for firms selling services than for manufacturing firms because firms selling services are more likely to have constant marginal cost curves. monopoly is more common in producing services than in producing manufactured goods. price elasticities differ among consumers of services more than among customers of manufactured goods. it is easier to prevent resale of a service than of a manufactured product.

Answers

Q27) option 3)

if t is imposed, MC rises by t,

So Q falls

28) option 4)

Output for each firm : q1= (a-c)/3b

So q1= q2= a/3b

Q= 2a/3b

P = a-Qb= a- 2a/3

= a/3

29) option 2)

Profit Maximizing rule, MC = P(1 - 1/e)

When e = 2, 12= P(1- 1/2)

12= P/2

P*= 24

If e= 4,

12= P(1-1/4)

12= 3P/4

P'= 16

30) option 4)

Resale in case of services aren't possible

.

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