What is the difference between first-, second- and third-degree price discrimination?
Answer:
third: by person only
second: by quantity only
first: by both quantity and price
Economics
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Marvin loves chocolate truffles. As the price of a chocolate truffle increases from $1 to $2 to $3, Marvin continues to buy a dozen chocolate truffles every week. Marvin's demand for chocolate truffles is ________
A) elastic B) unit elastic C) illustrated by a horizontal demand curve D) perfectly inelastic
Economics
What is the principal difference between a U-form and an M-form organization?
Economics