If each customer is sold a product at a different price, then the ...

[audie]

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.

[ktidd]

Answer to Question 1

A

Answer to Question 2

C

[audie]

Thanks for the timely response, appreciate it

[Mochi]

YES! Correct, THANKS for helping me on my review