Author Question: Price discrimination refers to: a. charging different prices to different groups on the basis of ... (Read 43 times)

PhilipSeeMore · **on:** Jun 30, 2018

Price discrimination refers to:
a. charging different prices to different groups on the basis of production cost differences.
b. charging different prices to different groups without a basis for doing so because of differences in production costs.
c. the ability of a firm to charge a price in excess of marginal cost.
d. consumer bargain hunting.

Question 2

In 1992, the EEC was replaced by the EU with an agreement to:
a. erect strong trade barriers among the member countries.
b. reduce trade barriers against nonmember countries.
c. mutually restrict all imports from nonmember countries.
d. create a single market for goods and services in western Europe.
e. enable the countries of Western Europe to emerge as major world powers.