A price discriminating firm will tend to charge a ________ price ...

[darbym82]

A price discriminating firm will tend to charge a ________ price for the category of customer with the ________ elasticity of demand.
 
  A) higher; higher
  B) higher; lower
  C) lower; lower
  D) 100 percent markup; infinite

Question 2

Who, among the following, is least likely to practice cost-plus-markup pricing?
 
  A) Dolly J. Dalrymple, a Wisconsin dairy farmer
  B) The Wisconsin Cheeses-R-Us factory
  C) The Cheese-of-the-Month Club
  D) Trick question: all are equally likely to use cost-plus-markup pricing.

[canderson530]

Answer to Question 1

B

Answer to Question 2

A