What are the conditions for price discrimination?
What will be an ideal response?
The firm must possess some ability to control market price (the firm must possess some monopoly power), the ability to segment customers based on their elasticity of demand, and the product cannot be easily resold.
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Refer the above figure. Stage "1" of the economy is called
A) the top. B) the peak. C) the trend. D) the climax.
If consumption increases in general the aggregate demand curve will:
A. shift straight down. B. shift to the right. C. remain unchanged but the economy will move down along the curve to a higher quantity. D. remain unchanged but the economy will move down along the curve to a lower quantity.
When people make choices they typically know with certainty which choice is best
a. True b. False Indicate whether the statement is true or false
The European Union has prosecuted cases against which American firms for violations of their antitrust laws?
A. Apple and Google B. Kraft and Kellogg C. GM and Ford D. Sirius and XM Radio