Which statement is true?
A. Only monopolists can truly engage in price discrimination.
B. Price discrimination violates our basic constitutional rights.
C. Price discrimination occurs when a seller charges two or more prices for different goods or services.
D. The firm that practices price discrimination needs to be able to distinguish between two or more separate groups of buyers.
D. The firm that practices price discrimination needs to be able to distinguish between two or more separate groups of buyers.
You might also like to view...
Which of the following statements is true?
A) Comparative statics is a tool that can be used in both optimization in levels and optimization in differences. B) Marginal analysis is a key tool used while optimizing in levels. C) Comparative statics involves calculating the incremental cost of moving from one alternative to the next best alternative. D) Marginal analysis is the comparison of economic outcomes before and after some economic variable is changed.
International data supports the quantity theory of money conclusion that high money growth rates are associated with inflation
Indicate whether the statement is true or false
The Clean Air Act is designed to restrict automobile emissions and reduce the external costs of air pollution. The economic analysis used to develop the Clean Air Act was:
A) normative. B) positive. C) macroeconomic. D) none of the above
According to behavioral economics, participants in a half-marathon are likely to have trained
a. more than they planned and run faster than they anticipated. b. more than they planned but run slower than they anticipated. c. less than they planned and run slower than they anticipated. d. less than they planned but run faster than they anticipated.