Pizza joints often offer substantially lower prices for pizza picked up at the shop than for delivered pizzas even though they charge a delivery fee. This may be an attempt at
A) perfect price discrimination.
B) group price discrimination.
C) quantity discrimination.
D) second-degree price discrimination.
B
You might also like to view...
The figure above shows the production possibilities frontier for a country. In order for it to produce at point E, the
A) country would need to acquire more resources and/or more advanced technology. B) production of compact cars would need to decrease. C) production of SUVs would need to decrease. D) country would need to use its resources more efficiently. E) country would need to determine that compact cars and SUVs are equally important to it.
Refer to the table above. The firm ________ in the short run
A) earns a profit of $22 B) incurs a loss of $22 C) earns a profit of $76 D) incurs a loss of $76
Keynesians, monetarists, and classical economists all agree that the transactions demand for money is money being used as a
a. measure of value b. store of value c. standard of deferred payments d. medium of exchange e. medium of barter
An exclusive contract
a. makes it illegal to price discriminate b. requires a buyer to purchase all products from a specified supplier c. requires a buyer not to purchase any products from the competitor of a specified supplier d. requires the buyer to purchase a second product as a condition of receiving the one he wants e. requires a seller to market its product within a limited geographic territory