This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Third-degree price discrimination exists whenever: a. the seller knows exactly how much each ... (Read 91 times)

crobinson2013

  • Hero Member
  • *****
  • Posts: 535
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sophiapenny

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

b


crobinson2013

  • Member
  • Posts: 535
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

mammy1697

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Alan Price - Poor People Alan Price - Poor People
Stimulus Generalization and Discrimination Stimulus Generalization and Discrimination
Various types of integumentary conditions. (G) Burn, second degree. Various types of integumentary conditions. (G) Burn, second degree.
Cylinder 1 slit signals the computer the piston position for cylinder 1. The 1-degree slits provide ... Cylinder 1 slit signals the computer the piston position for cylinder 1. The 1-degree slits provide ...
Video: The Lagging Strand in DNA Replication and Replication in Action

For a complete list of videos, visit our video library