Does a durable good monopolist have an incentive

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1. If a durable good monopolist cannot commit to future prices, does the number of consumers matter? Explain.

2. Does a durable good monopolist have an incentive to set its prices flexibly in each period? Discuss.

3. Why would a monopolist deviate from uniform pricing and set non-constant prices? And what selling policies may it choose?

4. What happens if a firm can set individualized prices depending on previous purchases?

Reference no: EM131282329

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