Price discrimination occurs when

a. price exceeds marginal cost
b. a firm charges different customers different prices, and the differences are not explained by cost factors
c. price exceeds average cost
d. a firm charges different customers different prices, where these differences are based on cost differences
e. price equals average variable cost

B

Economics

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How can the federal government use discretionary fiscal policy to stimulate the economy?

What will be an ideal response?

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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 

A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C

Economics