For the following please answer True or False and explain wh

For the following, please answer \"True\" or \"False\" and explain why.

1.If two markets have the same price elasticity of demand at every price, a monopoly will not practice multimarket price discrimination.

2.A Nash equilibrium will always provide both players with their highest payoffs possible.

Solution

Ans

1 True because he can\'t earn more in one market than other

2 false. Players can get individual payoff higher than in Nash equilbrium. But simultaneous maximum is possible in Nash equilbrium

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