When firms price discriminate, they

[jc611]

Question 1

If a firm faces a flat demand curve,
◦ it cannot engage in price discrimination.
◦ it can only engage in two-part tariffs.
◦ it can only engage in perfect price discrimination.
◦ None of these.

Question 2

When firms price discriminate, they
◦ get additional surplus from consumers who would have bought at the profit-maximizing uniform price but lose sales because of the higher prices.
◦ maintain surplus from existing consumers but pick up additional consumers that would not have bought at the profit-maximizing uniform price.
◦ get additional surplus from consumers who would have bought at the profit-maximizing uniform price.
◦ None of these.

[rosiehomeworddo]

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[jc611]

Excellent

[jamesnevil303]

Thanks for the timely response, appreciate it