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Refer to the Following Table to Answer the Following Questions

Question 62

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Refer to the following table to answer the following questions:
Refer to the following table to answer the following questions:    -Kenneth is the only provider of bottled water for three cities.Because he has access to a natural spring,the marginal cost to produce an additional bottle is $0.If he could price discriminate by charging a different price in each city,how many more people would have access to bottled water compared to when he charges only one price for all three cities? A)  one more person B)  two more people C)  three more people D)  four more people E)  exactly the same number of people
-Kenneth is the only provider of bottled water for three cities.Because he has access to a natural spring,the marginal cost to produce an additional bottle is $0.If he could price discriminate by charging a different price in each city,how many more people would have access to bottled water compared to when he charges only one price for all three cities?


A) one more person
B) two more people
C) three more people
D) four more people
E) exactly the same number of people

Correct Answer:

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