What is the general principle of price ...

[sheilaspns]

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.

[momolu]

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]

Thanks for the timely response, appreciate it

[CAPTAINAMERICA]

TYSM