Is price discrimination always legal in the United States?
A. No, while price discrimination is legal throughout the country, it is not allowed if it is used to drive rivals out of business.
B. Yes, a firm can price discriminate as long as it benefits them.
C. No, price discrimination is discrimination, and its practice is never allowed in the United States.
D. No, price discrimination is not legal in some states like California and Nebraska.
Answer: A
You might also like to view...
The important characteristic of normative statements is that they
A) explain what really exists. B) are based on somebody's values and cannot be tested. C) explain what normally happens in the real world. D) help guide us to what will normally occur if some economic variable changes its value. E) do not use the ceteris paribus assumption.
Refer to Table 2-17. What is James's opportunity cost of making a wagon?
A) 2 tricycles B) 1/2 of a tricycle C) 3/4 of a wagon D) 1/2 of a wagon
Every social system confronts scarcity and therefore must
A. produce only free goods. B. try to produce outside its production possibilities frontiers. C. economize. D. allocate goods by government edict.
Which of the following relationships is correct?
A. Stock of Inventories (End of Period) = Stock of Inventories (Beginning of Period) - Production - Sales B. Stock of Inventories (End of Period) = Stock of Inventories (Beginning of Period) - Production + Sales C. Stock of Inventories (End of Period) = Stock of Inventories (Beginning of Period) + Production - Sales D. Stock of Inventories (End of Period) = Stock of Inventories (Beginning of Period) + Production + Sales