Some factors that allow firms to make economic profits are beyond its control. All but one of the following is an uncontrollable factor. Which factor is controllable?
A) chance events B) consumer tastes
C) product differentiation D) input prices
Question 2
Which of the following is not an example of price discrimination?
A) Unlike foreign tourists, citizens of Cambodia are exempted from paying an admission fee to the temples of Angkor.
B) Senior citizens may purchase special fare tickets for public transportation that are not available to others.
C) Adobe Systems offers software at discounted prices to students and faculty at K-12 and university levels.
D) Buyers at an automotive parts store receive a discount for bulk buying because the store is able to pass on to its customers some of the lower average cost for producing large quantities.
