Firms that engage in price discrimination
a. will earn less profit than those that do not discriminate.
b. will earn more profit than those that do not discriminate.
c. are biased against certain buyers in the market.
d. will always produce less output than firms that do not discriminate.
b
Economics
You might also like to view...
A short-run change in ________ is referred to as a business cycle
A) the currency exchange rate B) the expenditure incurred by the government C) the aggregate price level D) the growth rate of output
Economics
When a government prints money to finance its expenditures, it is likely to cause
A) unemployment. B) inflation. C) deflation. D) reductions in the use of barter.
Economics