Which is true of price discrimination? Successful price discrimination will prov

Question

Which is true of price discrimination?          

     Successful price discrimination will provide the firm with lower total profits than if it did not discriminate
                                        Successful price discrimination will provide the firm with more profit than if it did not discriminate
                                        Successful price discrimination will generally result in a lower level of output than would be the case under a single-price monopoly
                                        It exists when price differences depend critically on differences in the costs of production of serving different groups of buyers

In the Microsoft antitrust case, a federal court ruled to break up the company on the basis of the:  

     firm's market behavior
                                        firm's large market share
                                        size of the corporation
                                        firm's effect on the stock market
              
          The long-run supply curve under pure competition will be:            

   Downsloping in a decreasing-cost industry and upsloping in an increasing-cost industry
                                        Horizontal in a constant-cost industry and downsloping in an increasing-cost industry
                                        Vertical in a constant-cost industry and upsloping in a decreasing-cost industry
                                        Upsloping in an increasing-cost industry and vertical in a constant-cost industry

            Which is a barrier to entry?                                                   Patents
                                        Revenue maximization
                                        Profit maximization
                                        Elastic product demand

Explanation / Answer

1)Successful price discrimination will provide the firm with lower total profits than if it did not discriminate

2)firm's effect on the stock market

3)Vertical in a constant-cost industry and upsloping in a decreasing-cost industry

4)

Elastic product demand

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