Day: May 9, 2023

A discriminating monopolist, faced with two demand curves of differing elasticity, will equate the combined marginal cost of production with…..?

Select ONE answer:

1. marginal revenue in each market.
2. average revenue in each market.
3. the difference between the marginal revenues in the two markets.
4. the difference between the average revenues in the two markets.

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 1

1. Correct
2. Not correct
3. Not correct
4. Not correct

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