A firm that can effectively price discriminate will charge a higher price to
A) buyers who belong to the largest market segment.
B) buyers who are members of the smallest market segment.
C) customers who have the more elastic demand for the product.
D) customers who have the more inelastic demand for the product.
D
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According to your textbook authors, laws restricting competitors
A) restrict competition. B) reduce greed. C) promote economic fairness. D) improve the alternatives available to customers.
Which of these forms of financing is generally not employed by very large firms?
A) commercial paper B) medium-term notes C) public debt D) mezzanine funds
If marginal cost exceeds marginal revenue,
a. the firm can increase profits by increasing output b. the firm will lower profits by increasing output c. the firm is maximizing profits d. total cost exceeds total revenue e. average cost equals average revenue
Good news for farming can be bad news for farmers because the
a. supply curve for an individual farmer is usually perfectly elastic. b. supply curve for an individual farmer is usually perfectly inelastic. c. demand for basic foodstuffs is usually inelastic, meaning that factors that shift supply to the right decrease total revenues to sellers. d. demand for basic foodstuffs is usually elastic, meaning that factors that shift supply to the right increase total revenues to sellers.