A "buy one, get one for half price" promotion is an example of
A) price discriminating among units of a good.
B) price discriminating among groups of buyers.
C) a legal monopoly.
D) a natural monopoly.
E) marketing by a perfectly competitive firm designed to increase the firm's sales.
A
Economics
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Explain how it is possible for a downward-sloping demand curve to have a constant slope but still have a variation of elasticity of demand along it
What will be an ideal response?
Economics
Refer to the diagram, assuming that the firm represented is operating on curve TC 0 . A change from TC 0 to TC 1 could be caused by:
A. a decrease in extraction costs.
B. an increase in user costs.
C. an increase in the price of the resource.
D. a decrease in the price of the resource.
Economics