Price discrimination refers to: a. charging different prices to ...

[PhilipSeeMore]

Price discrimination refers to:
 a. charging different prices to different groups on the basis of production cost differences.
  b. charging different prices to different groups without a basis for doing so because of differences in production costs.
  c. the ability of a firm to charge a price in excess of marginal cost.
  d. consumer bargain hunting.

Question 2

In 1992, the EEC was replaced by the EU with an agreement to:
 a. erect strong trade barriers among the member countries.
  b. reduce trade barriers against nonmember countries.
  c. mutually restrict all imports from nonmember countries.
  d. create a single market for goods and services in western Europe.
  e. enable the countries of Western Europe to emerge as major world powers.

[jharrington11]

Answer to Question 1

b

Answer to Question 2

d

[PhilipSeeMore]

Excellent

[Liddy]

TYSM