Price discrimination requires the firm to
a. separate customers according to their willingnesses to pay.
b. differentiate between different units of its product.
c. engage in arbitrage.
d. use coupons.
a
Economics
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In a competitive price-taker market, the actions of any single buyer or seller will
a. have a negligible impact on the market price. b. have little effect on overall production but will ultimately change final product price. c. cause a noticeable change in overall production and a change in final product price. d. adversely affect the profitability of more than one firm in the market.
Economics
Dissaving occurs when
A. income is greater than saving. B. saving is greater than the interest rate. C. saving is greater than consumption. D. income is less than consumption.
Economics