This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Third-degree price discrimination exists whenever: a. the seller knows exactly how much each ... (Read 58 times)

crobinson2013

  • Hero Member
  • *****
  • Posts: 535
on: Jul 1, 2018
Third-degree price discrimination exists whenever:
 a. the seller knows exactly how much each potential customer is willing to pay and will charge accordingly.
  b. different prices are charged by blocks of services.
  c. the seller can separate markets by geography, income, age, etc., and charge different prices to these different groups.
  d. the seller will bargain with buyers in each of the markets to obtain the best possible price.

Question 2

Individuals who are more risk averse
 a. buy less insurance
  b. buy more insurance
  c. are not more or less inclined to buy insurance
  d. are philosophically opposed to insurance


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sophiapenny

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

b


crobinson2013

  • Member
  • Posts: 535
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

abro1885

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Burn Degree By Tissue Layer Burn Degree By Tissue Layer
Assessing the degree of the burn. Bottom photos show (A) first-degree burn (sunburn) and (B) ... Assessing the degree of the burn. Bottom photos show (A) first-degree burn (sunburn) and (B) ...
First-degree burn. First-degree burn.
Lone-parent household income and the degree of vulnerability Lone-parent household income and the degree of vulnerability
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
The frequency of bipolar illness in members of monozygotic twin pairs and in first-degree relatives The frequency of bipolar illness in members of monozygotic twin pairs and in first-degree relatives
Video: The life cycle of protein

For a complete list of videos, visit our video library