What is one reason car dealerships might move away from perfect price discrimination to uniform pricing?
A) Perfect price discrimination doesn't work.
B) Transaction costs erode the profit of perfect price discrimination.
C) Consumers are ill-informed and tend to complain too much.
D) Uniform pricing is always more profitable and more fair as well.
B
You might also like to view...
________ emphasized that animal spirits affect GDP
A) Adam Smith B) Milton Friedman C) David Ricardo D) John Maynard Keynes
An increase in the marginal product of capital shifts the
A) supply of capital curve rightward. B) supply of capital curve leftward. C) demand for capital curve rightward. D) demand for capital curve leftward.
Studies show that improved education of women in developing countries leads to
(a) lower infant mortality. (b) better designed, market based development policies. (c) lower international dependence. (d) all of the above.
Firms in a perfectly competitive market produce at minimum average cost in the short run and the long run
a. True b. False Indicate whether the statement is true or false