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Author Question: In theory, price discrimination a. Reduces the number of consumers who purchase the firm's product ... (Read 34 times)

B

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on: Jul 1, 2018
In theory, price discrimination
 a. Reduces the number of consumers who purchase the firm's product
  b. Decreases producer surplus
  c. Decreases consumer surplus
  d. Has no effect on deadweight loss

Question 2

If a fair game is played many times the monetary losses or gains will:
 a. approach zero.
  b. be negative.
  c. be positive.
  d. result in an outcome that cannot be determined without more information.


coreycathey

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

c

Answer to Question 2

a


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