According to the textbook, price discrimination is
A) illegal.
B) morally justified.
C) net-revenue maximizing.
D) unfair to the different groups of customers.
C
You might also like to view...
Which situation below would represent a surplus in the fertilizer market?
A. quantity demanded is 1.2 million; quantity supplied is 1.1 million. B. market price $2.00 per bag; equilibrium price $2.25 per bag. C. market price $2.50 per bag; equilibrium price $2.00. D. quantity supplied this year is 25% greater than quantity supplied last year.
Bonds may be issued by the U.S.
A. Congress. B. Immigration and Naturalization Agency. C. Treasury. D. Federal Reserve Bank.
Because the Soviet Union educated more scientists and engineers than the United States, their level of economic growth was higher.
Answer the following statement true (T) or false (F)
The demand for microwaves in a certain country is given by: D = 8,000 - 30P, where P is the price of a microwave. Supply by domestic microwave producers is: S = 4,000 + 10P. If this economy opens to trade while the world price of a microwave is $50, and the government imposes a tariff of $30 per microwave, then the tariff revenue collected by the government will be ________.
A. $4,000 B. $60,000 C. $24,000 D. $40,000