A perfectly competitive firm cannot practice price discrimination ...

[student77]

A perfectly competitive firm cannot practice price discrimination because
 
  A) each consumer in a perfectly competitive market has the same willingness to pay.
  B) the firm can only charge the market price.
  C) a firm that breaks even in the long run cannot afford to engage in yield management.
  D) it does not advertise; this prevents the firm from marketing its product to different segments of the market.

Question 2

Financial securities that represent promises to repay a fixed amount of funds are known as
 
  A) stocks. B) pension funds.
  C) bonds. D) insurance premiums.

[tuwy]

Answer to Question 1

B

Answer to Question 2

C