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When a monopolist divides consumers into groups and charges different prices based on their willingness to pay, this practice is known as price discrimination. It allows the monopolist to maximize profits by capturing consumer surplus from each group. By charging higher prices to those with less price sensitivity and lower prices to more price-sensitive consumers, the monopolist can increase overall revenue while potentially expanding market access. This strategy can lead to increased efficiency but may raise concerns about equity and fairness in pricing.
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What is the development gap?
the development gap divides the richer (the richer north) and poorer (the poorer south) countries.
What causes a country's GPD per person to change?
A measure of the total output of a country that takes the gross domestic product (GDP) and divides it by the number of people in the country.
How are different countries compared according to income?
Countries are often compared according to income using metrics such as Gross Domestic Product (GDP) per capita, which divides a nation's total economic output by its population, providing an average income per person. Other measures include the Gini coefficient, which assesses income inequality within a country, and purchasing power parity (PPP), which adjusts income figures based on the cost of living and inflation rates. These comparisons help to understand economic disparities and the standard of living across different nations.
What divides a town or city into areas for commercial residential?
A town or city is divided into areas for commercial and residential use through zoning regulations established by local governments. These zoning laws dictate land use by designating specific zones for different purposes, such as residential, commercial, industrial, and mixed-use areas. This planning aims to organize urban development, ensure compatibility between land uses, and promote public safety and welfare. Additionally, zoning can influence property values and community character.
What are the features of Micro Economics?
The important features of Micro Economics are mentioned below.Nature of Analysis: In micro economics, the behaviour of individual consumers and producers in detail is analysed. It is study of subject matter from particular to general.Method: Micro economics divides the economy into various small units and every unit is analysed in detail. It is a slicing method.Scope: Micro economic analysis involves product pricing, factor pricing and theory of welfare.Application: Both theoretically and practically, micro economics is useful in formulating various policies, resource allocation, public finance, international trade, etc.Nature of Assumptions: Assumption of Ceteris Paribus is always made in every micro economic theory. It means theory is applicable only when 'other things being same'
What is a number that divides a different number?
A number that divides n is called a "divisor" of n.
What is a division paragraph?
It is a paragraph that divides objects into different parts.
How are county lines drawn?
the government divides different pieces of land to different people
What are the different schools of thought or theories in criminal law?
In criminal law there are many schools of thought and theories that conflict depending on which area you are referring to. There are basic sides of criminal law the prosecution and the defense and with those divides there are many different theories of how to handle evidence, testimony, interviewing witnesses and charges to be filed.
What is the line that divides circle into two different parts called?
diameter
What is the name of the divides between watersheds in Russia?
The divides between watersheds in Russia are commonly referred to as "watershed divides" or "drainage divides." These geographical features separate different river basins and direct the flow of water into distinct drainage systems. In Russia, notable watershed divides include the Ural Mountains, which separate the Caspian Sea basin from the Arctic Ocean basin, and the various mountain ranges across the country that delineate different river systems.
A ray that divides an angle into two different angles of the same measure?
bisector
What is the best definition of a paragraph?
is is a paragraph taht divides objects into different parts
What is the social system in India?
The caste system that divides people into different groups
How often is DNA?
DNA is copied every time a cell divides. Different types of cells divide at different rates.
How is a grasshopper's digestive system different from a human's?
It divides its food into three main portions.
How is a grasshopper digestive system different from a human?
It divides its food into three main portions.
