A major fruit juice manufacturer failed in its attempt to engage in price discrimination between students and all other consumers. What is the most likely explanation for this failure?
A. There was nothing to prevent the students from reselling the fruit juice to other consumers.
B. The two groups of consumers have different demand elasticities for fruit juice.
C. The cost of producing the product is relatively high.
D. Market demand for fruit juice is inelastic.
Answer: A
You might also like to view...
What advantages are offered by commercial forensic packages? Are there any disadvantages to using them? If so, what are they?
What will be an ideal response?
The taking of sexual intimacy with an unwilling person by force or without consent is a timeless definition meaning that it incorporates both common law and current conceptions of rape
a. True b. False
Given the results in question 23, calculate the critical distance score and indicate between which groups the significant differences are.
What will be an ideal response?
Drug dealers who sell the majority of drugs in parks, schools, or other public places are called ______
a. petty dealers b. persistent dealers c. losers d. frequent dealers