If Samsung sells TVs at a higher price in the United States than in Korea, and if there is no cost difference in producing or transporting the TV sets, Samsung would be practicing
A. price discrimination.
B. simple monopoly behavior.
C. cartel pricing.
D. price differentiation.
Answer: A
You might also like to view...
What are the sources of the demand for loanable funds? What happens to the quantity of loanable funds demanded when the interest rate rises?
Which of the following would be considered an example of structural policy?
A. Provision of additional cash to the banking system. B. A reduction in income tax rates. C. An attempt to reduce the government budget deficit by reducing spending. D. A decision by a developing country to reduce government control of the economy and to become more market-oriented.
Oligopolists need to consider:
A. the price effect. B. the supply effect. C. the substitution effect. D. the income effect.
Real GDP per person in the United States was $9,864 in 1950. Over the next 48 years, it grew at a compound annual rate of 2.0 percent. If, instead, real GDP per person had grown at an average compound annual rate 2.5 percent, then real GDP per capita in the United States in 1998 would have been approximately ________ larger.
A. $12,530 B. $2,370 C. $25,520 D. $6,751