For direct price discrimination to work effectively
a. The low-valued group should not be able to arbitrage
b. Charge the same price to the different groups
c. Both groups should have the same elasticity of demand
d. None of the above
a
You might also like to view...
From the earlier 1990s until 2012, the Japanese monetary was ________ and stock and real estate prices were ________
A) tight; rising. B) easy; rising. C) tight; falling. D) easy; falling.
Over time, overall responsibility for formulating monetary policy has become increasingly concentrated in the
A) Federal Reserve Bank of New York. B) Council of Economic Advisors. C) Federal Deposit Insurance Corporation. D) Federal Reserve Board of Governors.
If a country's income is rapidly increasing it must:
A. have a high level of growth. B. have a high level of income. C. have a lot of room to expand. D. be well-endowed with natural resources.
The average total cost incurred by a firm is calculated by dividing:
a. the change in total cost by the change in the quantity of output. b. total output by the number of people employed. c. the change in total output by the change in the number of people employed. d. total cost by total output. e. total output by total cost.