Which of the following would prevent a pharmaceutical manufacturer from successfully using price discrimination?
a. It's customers all have the same elasticity of demand for its drugs.
b. The demand schedule for pharmaceuticals is horizontal.
c. Low-price customers could resell the drugs to high-priced customers.
d. All of the above.
C
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According to this Application, the more unhappy unemployed individuals were
A) the more likely they were to remain unemployed. B) the longer they collected unemployment benefits. C) the more they congregated around others who were unemployed. D) the more aggressive they would be to try to find a job.
Marginal benefit is the benefit ________ one more unit of the good and ________ of the good increases
A) of producing; increases as production B) of producing; decreases as production C) from consuming; increases as consumption D) from consuming; decreases as consumption
The RBV perspective locates the source of competitive advantage for a firm at the
a. Individual firm level b. Industry level c. Customer Level d. None of the above
There was an extensive black market (illegal market) for many consumer products in the United States during World War II. A likely explanation of the black market is that:
A. the prices of goods were artificially held down by price controls. B. black markets were legal during the war. C. goods were not subject to price controls. D. gasoline rationing greatly restricted civilians from driving to stores.