Because it is more extensive, first-degree price discrimination is more profitable for the firm than is third-degree price discrimination
Indicate whether the statement is true or false
TRUE
You might also like to view...
Which of the following statements is NOT true about using per capita real GDP to measure a nation's economic growth?
A) The definition does not indicate how the increase in growth is being disturbed among the nation's population. B) The definition assumes that some of the increase in productivity goes to the poor. C) The definition is not perfect for measuring increases in a nation's productive capacity. D) The definition has understated actual economic growth because it does not take into consideration changes in leisure.
What is one potential problem with offering a choice of contracts to two different employees?
A) If Employee A is paid more than Employee B, Employee A might sue for discrimination. B) Employee A might be paid less than Employee B, proving statistical discrimination. C) The two employees might compare salaries without comparing risk-preferences, thereby running the risk of jealousy or claims of discrimination. D) The two employees might compare risk preferences without comparing salaries, thereby running the risk of jealousy or claims of discrimination.
Suppose economic conditions call for a tax increase but Congress does not implement this measure because an election is approaching. This is an example of which of the real-world problems associated with fiscal policy?
A. Time lags. B. Pork barrel politics. C. Crowding out. D. Balancing the budget on the backs of the poor.
Even in the United States, not all allocation is carried out in a market because, in some cases, people