The strategy underlying price discrimination is to
A. charge higher prices to customers who have better access to substitutes.
B. charge everyone the same price but limit the quantity they are allowed to buy.
C. increase total revenue by charging higher prices to those with the most inelastic demand for the product and lower prices to those with the most elastic demand.
D. reduce per-unit cost to the firm by charging higher prices to those with the most inelastic demand and lower prices to those with the most elastic demand.
Answer: C
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A. Often involved alcohol. B. Always the result of domestic violence. C. The result of increasing gang violence among women. D. The result of women fighting over men.
The elements of an arrest include:
A) an arrest warrant. B) reason to believe a person has committed a crime. C) that the person to be arrested committed the crime. D) All of the above. E) Only answers B and C are correct.
FEMA is part of the Department of Defense.
Answer the following statement true (T) or false (F)
A fact assumed to be true under the law is:
A) Stare decisis B) Precedent C) Presumption D) Social norm