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Author Question: When a firm sets its prices below average cost in order to drive out competitors this is called (Read 82 times)

sjones

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on: May 25, 2020

Question 1

If a firm charges all young people one price and all old people another price this is called
◦ 1st degree price discrimination.
◦ 2nd degree price discrimination.
◦ 3rd degree price discrimination.
◦ predatory pricing.

Question 2

When a firm sets its prices below average cost in order to drive out competitors this is called
◦ 1st degree price discrimination.
◦ 2nd degree price discrimination.
◦ 3rd degree price discrimination.
◦ predatory pricing.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by sjones on May 25, 2020

iceage

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Reply #1 on: May 25, 2020
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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sjones

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Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review

rachel

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Reply 3 on: Yesterday
Wow, this really help

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