Price discrimination is more common in service industries because:
A. Low price buyers will find it virtually impossible to resell the products of such industries to high price buyers
B. The costs of providing such industries' products to different groups of buyers vary dramatically
C. The price elasticity of demand is the same for all groups of buyers in these industries
D. All firms in these industries have significant monopoly power over price
A. Low price buyers will find it virtually impossible to resell the products of such industries to high price buyers
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Assume there is a decrease in the supply of a product produced in a perfectly competitive market. All else constant, in the short run this will cause the profits of firms that produce substitutes for the good in question to increase
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As the rate of interest on borrowed funds increases, the quantity of investment funds demanded diminishes
a. True b. False Indicate whether the statement is true or false
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