Uniform pricing means the firm charges the same price to all customers, so there is no price discrimination. Since the As had the advantage of having seen an example of the problem before, I'm sure they did much better. Exam A was just as difficult because the home market could buy from or sell to the foreign market. Therefore, it was very different from the lecture notes. However, I will look at the exams separately and make the necessary adjustments if there are differences in the mean scores and standard deviation.
Gray markets occur when genuinely branded merchandise flows through unauthorized channels.
This distribution often takes place across market borders, where environmental conditions are conducive to profits. Area eh is lost because the monopoly firm reduced sales from Qm to Qm' in the home market under price discrimination. Could you please explain me the answer to Quiz 7 question 5. Perfectly competitive firms have an infinitely elastic demand curve and MR equals the demand curve. MR lies below the demand curve.