The following are possible examples of price discrimination except
A) prices in export markets are lower than for identical products in the domestic market.
B) senior citizens pay lower fares on public transportation than younger people at the same time.
C) a product sells at a higher price at location A than at location B, because transportation costs are higher from the factory to A.
D) subscription prices for a professional journal are higher when bought by a library than when bought by an individual.
C
You might also like to view...
The two-period dynamic monopoly model is more useful than the static monopoly model in analyzing monopoly behavior when
A) the product produced requires a bandwagon effect. B) the product produced generates a positive network externality. C) the monopoly initially uses a lower introductory price. D) All of the above situations.
When a country that imports a particular good imposes a tariff on that good,
a. consumer surplus increases and total surplus increases in the market for that good. b. consumer surplus increases and total surplus decreases in the market for that good. c. consumer surplus decreases and total surplus increases in the market for that good. d. consumer surplus decreases and total surplus decreases in the market for that good.
At any given price level, equilibrium GDP on the expenditure side occurs when ____.
A. Y = C + I + G ? (X ? IM) B. Y = C + I – G C. Y = C + I + G + (X ? IM) D. Y = C + X + G + (X ? IM)
A schedule of how much of a good people will purchase for a range of possible prices during a specified time period, other things constant, is the definition of
A. demand. B. supply. C. an economic market. D. a purchasing contract.