Joint products-absolute value

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Reference no: EM13836948

For a monopolist that engages in price discrimination when the price elasticity in market 1 is less (in absolute value) than in market 2, the optimal price in market 1 will exceed the optimal price in market 2.

True or False

Joint products are_____

a) products which are technically independent in the production processes

b) exemplified by beef and hide from catle

c) products whose production ar interdependent

d) a and b

e) b and c

Reference no: EM13836948

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