Which of the following must a firm be able to do to successfully price discriminate?
i. divide buyers into different groups according to their willingness to pay
ii. prevent resale of the good or service
iii. identify into which group (high willingness to pay or low willingness to pay) a buyer falls
A) ii only
B) i and ii
C) i and iii
D) iii only
E) i, ii, and iii
E
You might also like to view...
Each of the following would decrease the demand for U.S. dollars, shifting the demand curve for dollars to the left, except:
A. a decrease in real GDP abroad. B. a decreased preference for U.S.-made goods. C. a decrease in the real interest rate on U.S. assets. D. a depreciation of foreign currencies relative to the U.S. dollar.
If a 1 percent increase in price causes a 2 percent increase in quantity supplied, then supply is
A) elastic. B) inelastic. C) unit elastic. D) infinite.
According to the infant industry argument, a new domestic industry needs protection because it has higher costs than established foreign competitors
a. True b. False Indicate whether the statement is true or false
Briefly summarize the advantages and disadvantages of unemployment insurance