An airline company

A) cannot price discriminate because it is against the law.
B) price discriminates by charging higher prices to business travelers.
C) price discriminates by charging lower prices to business travelers.
D) price discriminates even though its profits are lower because competition forces it to do so.
E) has fewer customers because it price discriminates than it would have if it did not price discriminate.


B

Economics

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Thrift institutions include

A) banks, mutual funds, and insurance companies. B) savings and loan associations, mutual savings banks, and credit unions. C) finance companies, mutual funds, and money market funds. D) pension funds, mutual funds, and banks.

Economics

The principle of comparative advantage essentially states that

A) there are some goods for which the opportunity costs of production are the same regardless of who produces them. B) some goods have high opportunity costs and low absolute costs. C) specialization can reduce output rather than increase it. D) total output of an economic system is greatest when each good is produced by those who have the lowest opportunity cost of producing the good.

Economics

The price that represents the shutdown point for a perfectly competitive firm corresponds to the _____.?

Fill in the blank(s) with the appropriate word(s)

Economics

A consulting firm estimates the following quarterly sales forecasting model:Qt = a + bt +cDThe equation is estimated using quarterly data from 2005 I - 2015 III (t = 1,..., 43). The variable D is a dummy variable for the second quarter where: D = 1 in the second quarter, and 0 otherwise. The results of the estimation are:  Given the above, at the 1 percent level of significance, is there a statistically significant trend in sales?

A. Yes, because 1.86 > 0.01. B. Yes, because 0.55 > 0.01. C. Yes, because 0.0016 < 0.01. D. No, because 0.0016 < 0.01. E. both c and d

Economics