Question 15 Second degree price discrimination is used mainly by utility companies True or false

Global Motors sells its automobiles in USA and Japan. Due to trade restrictions, a vehicle sold in one country cannot be resold in another country. The demand functions for thetwo countries are as follows: USA: P = 30,000 - 0.40Q Japan: P = 20,000 - 0.20Q The total cost for the firm is as follows: TC = 10,000,000 - 12,000Q. What price & quantity combination should be sold in Japan? 22,500 & 21,000 16,000 & 20,000 21,000 & 16,000 22,500 & 20,000 Question 14 Not yet answered Marked out of 1.00 Flag question If a monopolist practices first degree price discrimination, all the consumer surplus goes to the consumers. Select one: True False