JAMB Economics 2012 Objective — Question 26
Question 26 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2012 Objective paper, with the correct answer and a full explanation.
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A discriminatory monopoly is characterized by
- A. a common elasticity in different markets
- B. different elasticities in different marketsCorrect
- C. a finite elasticity in all markets
- D. zero elasticity in all markets
Explanation
A discriminatory monopolist charges different prices in different markets. The elasticities in the two markets are different.
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