18. Which of the following conditions is/are required for price discrimination to occur? (0) (ii) (iii) (a) Monopoly pow
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18. Which of the following conditions is/are required for price discrimination to occur? (0) (ii) (iii) (a) Monopoly pow
18. Which of the following conditions is/are required for price discrimination to occur? (0) (ii) (iii) (a) Monopoly power Market segregation. No resale (i), (ii) and (iii). (i) and (iii) only. (i) and (ii) only. (i) only. (b) (c) (d) ( (1 mark) QUESTIONS 19 and 20 are based on Figure 3. Figure 3 Price / cost per unit MC ATC R DEAR 0 QgQ Quantity MR 19. Refer to Figure 3. The equilibrium output is: Q1 Q2 (a) ( ( (b) (c) (d) Q3 04 (1 mark) 21 20. Refer to Figure 3. The equilibrium price is: P1 (a) (b) P2 P3 (c) c) (d) P4 (1 mark)
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