Third-degree price discrimination involves A) charging each ...

[Deast7027]

Third-degree price discrimination involves
 
  A) charging each consumer the same two part tariff.
  B) charging lower prices the greater the quantity purchased.
  C) the use of increasing block rate pricing.
  D) charging different prices to different groups based upon differences in elasticity of demand.

Question 2

Refer to Figure 7.1. At what level of output are average total cost, average cost, average fixed cost and marginal cost increasing?
 
  A) Q2
  B) Q3
  C) Q4
  D) Q5
  E) none of the above

[dlook33]

Answer to Question 1

D

Answer to Question 2

E

[Deast7027]

Thanks for the timely response, appreciate it

[Viet Thy]

Excellent