Author Question: If each customer is sold a product at a different price, then the firm is practicing A) perfect ... (Read 85 times)

audie · **on:** Jun 30, 2018

If each customer is sold a product at a different price, then the firm is practicing
A) perfect price discrimination.
B) second-degree price discrimination.
C) third-degree price discrimination.
D) product differentiation.

Question 2

In order to earn an economic profit, a firm needs to charge a price in excess of
A) accounting average cost.
B) normal average costs.
C) economic average cost.
D) long-run fixed costs.