This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the general principle of price discrimination?[br][br][b][color=#7BCCB5]Question ... (Read 52 times)

sheilaspns

  • Hero Member
  • *****
  • Posts: 567
on: Jun 30, 2018
What is the general principle of price discrimination?

Question 2

Which of the following is true of a firm that can successfully practice price discrimination?
 a. Its total revenue is often reduced.
  b. It appropriates a part of the consumer surplus.
  c. It has no way of distinguishing between types of customers.
  d. It has no market power in the industry.
  e. It must be a perfectly competitive firm.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

momolu

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 30, 2018
Answer to Question 1

The general principle of price discrimination is to charge a higher price in the market with the more inelastic demand and vice versa.

Answer to Question 2

b


sheilaspns

  • Member
  • Posts: 567
Reply 2 on: Jun 30, 2018
Wow, this really help

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

A simulated-color map of the surface of Venus as measured by synthetic aperture radar on the Magella A simulated-color map of the surface of Venus as measured by synthetic aperture radar on the Magella
English and Dani basic color terms. English and Dani basic color terms.
The Alpha-Z Alphabetic Color-Coding System The Alpha-Z Alphabetic Color-Coding System
Is the principle of cause and effect unfounded? Is the principle of cause and effect unfounded?
How to integrate using inverse trigonometric substitution (Question 6) How to integrate using inverse trigonometric substitution (Question 6)
General Mathematics General Mathematics
Video: Muscle cell structures - actin, myosin and titin filaments

For a complete list of videos, visit our video library