Which of the following about price discrimination is true?

a. A price-discriminating seller will charge consumers with an elastic demand a lower price than consumers with an inelastic demand.
b. A firm must face a horizontal demand curve for its product in order to engage in effective price discrimination in a market.
c. Price discrimination always harms consumers and helps sellers in the short run but in the long run, consumers benefit at the expense of sellers.
d. A seller must have a monopoly in order to gain from price discrimination.


A

Economics

You might also like to view...

Why are time series data unlikely to give an accurate estimate of demand?

What will be an ideal response?

Economics

How does a monopsonist decide how many workers to hire and what wage rate to pay?

Economics

According to? Keynes, when there is excess capacity in an? economy, the equilibrium level of real GDP per year is determined by

A. ?short-run aggregate supply. B. ?long-run aggregate supply. C. aggregate demand. D. the price level.

Economics

Refer to the information provided in Figure 2.4 below to answer the question(s) that follow. Figure 2.4According to Figure 2.4, Point A necessarily represents

A. only hybrid cars being produced. B. an unattainable production point. C. what society wants. D. the economy's optimal production point.

Economics