Refer to the Article Summary. The pricing method described in the article is referred to as first-degree price discrimination. First-degree price discrimination is also known as
A) perfect price discrimination. B) odd pricing.
C) two-part tariff pricing. D) arbitrage.
Question 2
In early 2007, Pioneer and JVC, two Japanese electronics firms, each announced that their profits were going to be lower than expected because they both had to cut prices for LCD and plasma television sets.
Which of the following could explain why these firms did not simply raise their prices and increase their profits?
A) The firms are still making profits, just not as high as expected so there is room to lower prices until one can force the other out of business.
B) The move to cut prices is probably just a temporary one to gain market share. In the long run the firms will raise prices and be able to increase their profits.
C) Most likely, intense competition between these two major producers probably pushed prices down. Thereafter, each feared that it would lose its customers to the other if it raised its prices.
D) In perfect competition, prices are determined by the market and firms will keep lowering prices until there are no profits to be earned.
A method to measure the lateral movement of membrane proteins.
Measuring Systolic Blood Pressure Using the Palpatory Method
Summary of Mitosis Stage
Summary of DNA synthesis at a single replication fork
The ChIPSeq method screens for specific transcription factor binding sites across a whole genome
Derive the following using the increment/delta method and find its slope