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What is the relationship between price and marginal revenue when a monopolist cuts the price to sell more?
Between them exist a simple line of difference, a monopolist can sale more with less money CHACHA!
Why do companies practice price discrimination?
Price discrimination is based on the idea that each customer has his or her own maximum price he or she will pay for a good. If a monopolist sets the good's price at the highest maximum price of all the buyers in the market, the monopolist will only sell to the one customer willing to pay that much. If the monopolist sets a low price, the monopolist will gain a lot of customers, but the monopolist will lose the profits it could have made from the customers who bought at the low price but were willing to pay more. Price discrimination recognizes that groups of consumers are willing and able to pay different amounts for a good. (gradpoint)
Why is marginal revenue less than price for a monopolist?
Marginal revenue is less than price for a monopolist because in a monopoly market, the monopolist is the sole seller and has the power to set the price. To sell more units, the monopolist must lower the price, which reduces the revenue gained from each additional unit sold. This results in marginal revenue being less than the price.
What is the marginal revenue of a monopolist is?
The marginal revenue of a monopolist is the additional revenue generated from selling one more unit of a good or service. Unlike in perfect competition, a monopolist faces a downward-sloping demand curve, which means that to sell more units, it must lower the price on all units sold. As a result, marginal revenue is less than the price at which the additional unit is sold. This relationship is key to understanding a monopolist's pricing and output decisions.
When a second firm enters a monopolist's market what will the initial demand curve facing the monopolist do?
shift to the left.
What is the relationship between price and marginal revenue when a monopolist cuts the price to sell more?
Between them exist a simple line of difference, a monopolist can sale more with less money CHACHA!
Why do companies practice price discrimination?
Price discrimination is based on the idea that each customer has his or her own maximum price he or she will pay for a good. If a monopolist sets the good's price at the highest maximum price of all the buyers in the market, the monopolist will only sell to the one customer willing to pay that much. If the monopolist sets a low price, the monopolist will gain a lot of customers, but the monopolist will lose the profits it could have made from the customers who bought at the low price but were willing to pay more. Price discrimination recognizes that groups of consumers are willing and able to pay different amounts for a good. (gradpoint)
Why do companies practice discrimination?
Price discrimination is based on the idea that each customer has his or her own maximum price he or she will pay for a good. If a monopolist sets the good's price at the highest maximum price of all the buyers in the market, the monopolist will only sell to the one customer willing to pay that much. If the monopolist sets a low price, the monopolist will gain a lot of customers, but the monopolist will lose the profits it could have made from the customers who bought at the low price but were willing to pay more. Price discrimination recognizes that groups of consumers are willing and able to pay different amounts for a good. (gradpoint)
Why is marginal revenue less than price for a monopolist?
Marginal revenue is less than price for a monopolist because in a monopoly market, the monopolist is the sole seller and has the power to set the price. To sell more units, the monopolist must lower the price, which reduces the revenue gained from each additional unit sold. This results in marginal revenue being less than the price.
What is the marginal revenue of a monopolist is?
The marginal revenue of a monopolist is the additional revenue generated from selling one more unit of a good or service. Unlike in perfect competition, a monopolist faces a downward-sloping demand curve, which means that to sell more units, it must lower the price on all units sold. As a result, marginal revenue is less than the price at which the additional unit is sold. This relationship is key to understanding a monopolist's pricing and output decisions.
How much is it to buy a pet shop?
it depends on how much the owner wants to sell it for or if they want to sell it ask them for a price and see if you can aford it if you can't try a different pet store
How much can you sell latte machine for on YoVille?
You can sell it for as much as a buyer is willing to pay (have an auction & start the minimum bidding at the price you paid, if someone wants it bad enough you'll sell it, if more than one wants it, then you could really reap the rewards.....remember one's trash is another's treasure!!
What are the release dates for The Monopolist - 1915?
The Monopolist - 1915 was released on: USA: 21 August 1915
When a second firm enters a monopolist's market what will the initial demand curve facing the monopolist do?
shift to the left.
Effect of a monopolist's price increase?
If a monopolist raises his prices above marginal cost, he will increase his profits. This seems like a good thing for the monopolist. However, the down side is that it reduces the well-being of consumers. Most times, the harm to consumers is greater than the gain of the monopolist.
What is the demand curve faced by a pure monopolist?
The demand curve faced by a pure monopolist is of downward sloping in shape.
What is the difference between a buy and sell in the stock market?
The stock market is kind of like a big yard sale... The sellers want to sell their stock for as much as they can get and the buyers want to pay as little as possible.The buy is the price that a buyer wants to pay and the Sell is the amount the seller wants to sell at. When the two prices match is when a trade happens.
