Business, 06.05.2020 03:00 chriscook1466

Suppose that a monopolist sells a product to men and women. If the firm sets a single price, the monopolist would produce 100,000 units and sell them at a price of $5.00 per unit. Suppose that at that price, the price elasticity of demand for men is -3.50, and the price elasticity of demand for women is -0.80. The monopolist is considering whether he should set discriminatory prices and asks for your advice. a. Suppose the monopolist is thinking about charging men a 10% higher price. If the monopolist does so, the quantity demanded by men would fall by %. b. Suppose the monopolist is thinking about charging women a 10% higher price. If the monopolist does so. the quantity demanded by women would fall by %. c. Because the demand for men is relatively • elastic than it is for women. the monopolist should charge

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Suppose that a monopolist sells a product to men and women. If the firm sets a single price, the mon...

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