What do economists call the business practice of selling the same good at difference prices to different customers?
a. price discrimination
b. collusion
c. compensating differential
d. Both a and b are correct
a
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The effective rate of protection is
(a) value added with protection divided by value added without protection. (b) value added with protection. (c) value added without protection. (d) (value added with protection minus value added without protection) divided by value added without protection.
What are the three books to which the FOMC has access and what information is included in each?
What will be an ideal response?
If a firm spends money on advertising, its gross profit is ________ its net profit.
A) greater than B) exactly twice C) equal to D) less than
The combination of inefficiently high demand and dwindling quantity leads to what is called:
A. the free rider problem. B. nonexcludable consumption. C. rival in consumption. D. the tragedy of the commons.