When a company introduces new audio products, it often initially sets the price high and lowers the price about a year later. This is an example of
A) a two-part tariff.
B) second-degree price discrimination.
C) intertemporal price discrimination.
D) first-degree price discrimination.
C
You might also like to view...
If firms in a competitive market are ________ then there is ________ for firms to ________ the industry
A) incurring economic losses; an incentive; exit B) incurring economic losses; no incentive; exit C) making economic profits; no incentive; enter D) making zero economic profit; an incentive; exit
When a country has a current account deficit, the country
A) is borrowing from abroad. B) is lending abroad. C) must have a government budget surplus. D) must have a government budget deficit.
The marginal revenue received by a perfectly competitive firm is greater than the price of a good
a. True b. False Indicate whether the statement is true or false
Why is it that the airline pilots union will likely be stronger and more effective than the fruit pickers union?