Author Question: In a product line extension A) a constant price elasticity of demand is assumed. B) a firm ... (Read 94 times)

FButt · **on:** Jun 30, 2018

In a product line extension
A) a constant price elasticity of demand is assumed.
B) a firm introduces different products and lets buyers self-select themselves into different groups.
C) is able to identify different markets at very low costs.
D) demand is assumed to be elastic

Question 2

To practice second-degree price discrimination
A) different markets must be able to communicate with each other.
B) different markets must have the same number of customers.
C) similar markets must have similar elasticities.
D) different markets must have different elasticities.