Which type of price discrimination results in the highest profits for firms?
A. First-degree price discrimination
B. Second-degree price discrimination
C. Third-degree price discrimination
D. Regular price discrimination
Answer: A
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Mrs. Wallace and Mrs. Jackson both signed up for 6 months (each incurred a $200 total payment required in advance, and nonrefundable) at the local workout club. Wallace enjoyed all 6 months
Jackson dropped out after three months due to other unexpected commitments. Which of the following is true? A) Wallace's sunk cost was zero. B) Jackson's sunk cost was $100. C) Jackson's sunk cost was $200, and so was Wallace's. D) Wallace's sunk cost was $100. E) None of the above.
The tendency of the prices of identical baskets of goods across countries to converge: a. Is stronger to the extent the countries compared have substantial tariffs on imported goods
b. Is weaker, the higher the cost of transporting the goods between countries. c. Is stronger for goods and services not traded internationally. d. Would tend to become weaker when countries eliminated quotas on imports of the goods in the baskets.
Banks
a. play a role in creating an asset that people can use as a medium of exchange. b. are financial intermediaries, but mutual funds are not financial intermediaries. c. are financial markets, as are bond markets. d. All of the above are correct.
Which of the following examples, ceteris paribus, would most likely cause rightward movement of the short-run aggregate supply curve for that economy?
a. The price level in Norway increases over several years. b. Production costs increase in Mexico due to increased government regulation. c. Deflation in the United States pushes down the price level. d. Labor productivity declines in Canada after nominal wages also decline.