Author Question: What is one reason car dealerships might move away from perfect price discrimination to uniform ... (Read 79 times)

Sportsfan2111

  • Hero Member
  • *****
  • Posts: 585
What is one reason car dealerships might move away from perfect price discrimination to uniform pricing?
 
  A) Perfect price discrimination doesn't work.
  B) Transaction costs erode the profit of perfect price discrimination.
  C) Consumers are ill-informed and tend to complain too much.
  D) Uniform pricing is always more profitable and more fair as well.

Question 2

The price elasticity of demand
 
  A) depends on the units in which quantity is measured.
  B) depends on the units in which price is measured.
  C) depends on the units in which money is measured.
  D) is independent of the units in which quantity and price are measured.


Kaytorgator

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

For a complete list of videos, visit our video library