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 58 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
Great answer, keep it coming :)

diana chang

  • Member
  • Posts: 288
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

General Biology Vector Icon General Biology Vector Icon
Body Part, Method of Examination, and Equipment Used During the General Physical Examination Cont. Body Part, Method of Examination, and Equipment Used During the General Physical Examination Cont.
The location of the major limbic system structures. In general, they are arrayed near the midline in ... The location of the major limbic system structures. In general, they are arrayed near the midline in ...
How to set up and solve linear models (Question 3) How to set up and solve linear models (Question 3)
Question Question
economic question economic question
Video: Miller's reaction chamber experiment Animation

For a complete list of videos, visit our video library