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Author Question: Third-degree price discrimination exists whenever: a. the seller knows exactly how much each ... (Read 108 times)

crobinson2013

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on: Jul 1, 2018
Third-degree price discrimination exists whenever:
 a. the seller knows exactly how much each potential customer is willing to pay and will charge accordingly.
  b. different prices are charged by blocks of services.
  c. the seller can separate markets by geography, income, age, etc., and charge different prices to these different groups.
  d. the seller will bargain with buyers in each of the markets to obtain the best possible price.

Question 2

Individuals who are more risk averse
 a. buy less insurance
  b. buy more insurance
  c. are not more or less inclined to buy insurance
  d. are philosophically opposed to insurance


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Sophiapenny

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

b


crobinson2013

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

bdobbins

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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