Author Question: If price discrimination enables sellers to increase net revenues, why don't all sellers try it? ... (Read 73 times)

joe

  • Hero Member
  • *****
  • Posts: 627
If price discrimination enables sellers to increase net revenues, why don't all sellers try it? Because
 
  A) some sellers can't manipulate their price.
  B) some sellers can't control resentment.
  C) some sellers can't prevent low-price buyers reselling to high-price buyers.
  D) of all the above reasons.

Question 2

Refer to the scenario above. Suppose Pat can impose a fine of 70 if Joe chooses to keep the money and the cost of imposing such a fine to Pat is 10. Which of the following is likely to happen if Pat is known to be vengeful?
 
  A) Joe will choose to split the money into two parts if Pat gives it to him.
  B) Joe will choose to keep the entire money for himself if Pat gives it to him.
  C) Pat will not give the money to Joe.
  D) An unique equilibrium will not occur.



smrtceo

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

For a complete list of videos, visit our video library