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If a firm is price differentiating, then it isSelect one:a. producing a homogeneous product.b. charging different prices to different consumers based on differences in marginal costs.c. charging different prices based on quality.d. charging different prices based on advertising costs.If a monopolist is producing the quantity at which marginal revenue exceeds marginal cost, it shouldSelect one:a. continue to produce this amount if it wants to maximize profits.b. reduce output if it wants to maximize profits.c. reduce price and keep output unchanged if it wants to maximize profits.d. increase output if it wants to maximize profits.If a firm is price differentiating, then it isSelect one:a. producing a homogeneous product.b. charging different prices to different consumers based on differences in marginal costs.c. charging different prices based on quality.d. charging different prices based on advertising costs.
