Author Question: For which of the following products would price discrimination be most difficult? a. photograph ... (Read 73 times)

kwoodring · **on:** Jun 30, 2018

For which of the following products would price discrimination be most difficult?
a. photograph developing
b. tooth extractions
c. airline tickets
d. beer
e. college education

Question 2

According to the U.S. Supreme Court's 1945 ruling on Alcoa,
a. all monopolies are illegal
b. price fixing agreements are illegal under the rule of reason
c. small firms can be found to be in violation of the Sherman Antitrust Act
d. mere size is no offense.
e. possession of market power is sufficient for a firm to be found in violation of the Sherman Antitrust Act