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Author Question: Price discrimination requires: a. a firm to be a competitive firm. b. a firm to be able to segment ... (Read 138 times)

Frost2351

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on: Jun 30, 2018
Price discrimination requires:
 a. a firm to be a competitive firm.
  b. a firm to be able to segment its customers based on different price elasticities of demand.
  c. arbitrage.
  d. that the product can be easily resold.

Question 2

If a consumer is indifferent between 5 units of A and 8 units of B, then the consumer would:
 a. also be indifferent between 4 units of A and 9 units of B.
  b. also be indifferent between 8 units of A and 5 units of B.
  c. prefer 6 units of A and 8 units of B.
  d. give up 1 unit of A if he/she could acquire 2 units of B.
  e. not trade product A in exchange for any units of product B.


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hugthug12

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


Frost2351

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

ryansturges

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

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