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 15 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
YES! Correct, THANKS for helping me on my review

duy1981999

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Color enhanced X ray of large malignant tumor in the right lung. Color enhanced X ray of large malignant tumor in the right lung.
Urine Color Guide Urine Color Guide
this is a math question this is a math question
economic question economic question
economic question economic question
economic question economic question
Video: Hershey Chase Experiments

For a complete list of videos, visit our video library