The practice of tying can be used as a means of discriminating in price between two different customers
Indicate whether the statement is true or false
T International Salt and IBM are two examples where such use of tying would be able to accomplish price discrimination.
You might also like to view...
According to the U.S. balance of payments accounts in 2012, U.S. international borrowing is used for
A) private saving and public consumption. B) private and public investment. C) private consumption. D) private and public saving. E) government expenditure.
High-income people will sometimes pay higher prices at convenience stores for goods that are available at discount stores. They do this because
a. they are irrational b. their opportunity cost of time is low c. crowded and understaffed discount stores impose higher time costs d. they like to be seen paying more money e. they do not mind wasting time
In one hour, Sue can produce 40 caps or 4 jackets and Tessa can produce 80 caps or 4 jackets. Sue's opportunity cost of producing a cap is _____ jackets and Tessa's opportunity cost of producing a cap is ____ jackets.
Fill in the blank(s) with the appropriate word(s).
The price at which the amount consumers wish to purchase equals the amount firms wish to sell is called the
A. equilibrium price. B. optimal result. C. optimal quantity. D. equilibrium quantity.