The case where a firm sells each unit at the maximum amount each customer is willing to pay for it is called
A) first-degree price discrimination.
B) second-degree price discrimination.
C) third degree price discrimination.
D) nonlinear price discrimination.
A
Economics
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Refer to Table 9-10. Suppose an economy has only three goods and the typical family purchases the amounts given in the table above. If 2011 is the base year, then what is the CPI for 2016?
A) 14.3 B) 87.5 C) 114.3 D) 160
Economics
After people buy insurance, they are more likely to build a beach house out of wood framing rather than concrete block. This is an example of
A) risk aversion. B) moral hazard. C) risk neutrality. D) free riding in teams.
Economics