Author Question: In order for a firm to be able to price discriminate it must not be a price taker, there must be ... (Read 157 times)

cartlidgeashley · **on:** Jun 30, 2018

In order for a firm to be able to price discriminate it must not be a price taker, there must be different demand from different groups of consumers, and there must be an ability to prevent resale.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Absolute advantage is irrelevant, because knowing the absolute number of labor hours required to produce a good does not indicate if a country benefits from trade.
a. True
b. False
Indicate whether the statement is true or false