Question
QUESTION ----What is a better pricing strategy for the monopolist? What is the resulting profit? 1.Bundle the goods at $2,800; profits = $5,600 Correct Answer
QUESTION ----What is a better pricing strategy for the monopolist? What is the resulting profit?
1.Bundle the goods at $2,800; profits = $5,600
Correct Answer
2.Bundle the goods at $4,000; profits = $8,000
You Answered
3.Charge $2,800 for Good 1 and charge $1,700 for Good 2; profits = $4,500
WHY IS B THE ANSWER? just the obvious higher profits?
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Managerial Economics A Problem Solving Approach
Authors: Luke M. Froeb, Brian T. McCann, Mikhael Shor, Michael R. War
3rd edition
2901133951482, 1133951481, 978-1133951483
