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Author Question: A school bookstore tried to engage in price discrimination by selling novels to students and faculty ... (Read 63 times)

fnuegbu

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on: Jul 20, 2019
A school bookstore tried to engage in price discrimination by selling novels to students and faculty for different prices. Its strategy was to increase prices to faculty and decrease prices to students. What is the most likely reason that this strategy failed?
◦ Everyone had inelastic demand for novels.
◦ Novels are sold in a competitive market.
◦ There was nothing to prevent students from purchasing novels and reselling them to faculty.
◦ There was no easy way to distinguish the students from the faculty.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
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Marked as best answer by fnuegbu on Jul 20, 2019

miss.ashley

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Reply #1 on: Jul 20, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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fnuegbu

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Reply 2 on: Jul 20, 2019
YES! Correct, THANKS for helping me on my review

marict

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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