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Author Question: What is the general principle of price discrimination?[br][br][b][color=#7BCCB5]Question ... (Read 59 times)

sheilaspns

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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.


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momolu

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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

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Chelseyj.hasty

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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