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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An increase in the price level is defined as

A) a recession. B) a growth boom. C) inflation. D) an expansion.

Economics

Jen's wage decreased, and she responded by enjoying more hours of leisure per day. Is Jen's behavior consistent with an upward-sloping labor-supply curve?

Economics