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1. True/False. Explain. a. Two part pricing, when all consumers are identical, exhausts consumer surplus. b. Two-for-one pizza is an example of ordinary price discrimination.
1. True/False. Explain. a. Two part pricing, when all consumers are identical, exhausts consumer surplus. b. Two-for-one pizza is an example of ordinary price discrimination. c. When Kodak offers film along with developing they are using in two-part pricing. d. Bowlers pay by the frame; that is, the more frames they bowl, the more they pay. This is an example of price discrimination. e. A monopolist always sets price equal to the unitary elastic point on its demand curve
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