In the model of horizontal product differentiation, the monopolist’s optimal number of shops is ____ than the social optimum and is ____ than the optimal number if it is able to price discriminate (uniform delivered pricing). a. less, more b. less, less c. more, less d. more, more

In the model of horizontal product differentiation, the monopolist’s optimal number of shops is than the social optimum and is than the optimal number if it is able to price discriminate (uniform delivered pricing). a. less, more b. less, less c. more, less d. more, more

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter10: Monopolistic Competition And Oligopoly

Section: Chapter Questions

Problem 1QFR

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less, more

less, less

more, less

more, more

Definition Definition Pricing strategy based on the principle that the seller will charge the buyer a price based on the buyer’s ability and willingness to pay for the product rather than applying uniform pricing for all.

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