Price differentiation is a situation in which
A) there are different prices for similar products reflecting differences in the marginal cost of providing the commodities to different groups of buyers.
B) there are different prices for the same product that are not due to differences in the marginal cost of providing the commodity to different groups of buyers.
C) consumers' comparison-shop.
D) the demand curve is vertical.
A
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Refer to the scenario above. Which country is likely to have lowest life expectancy at birth?
A) Eduland B) Techland C) Neoland D) Ritzland
The difference between the interest rate on loans to households and firms and the interest rate on completely safe assets is known as ________
A) the fed funds rate B) the discount rate C) asymmetric information D) the credit spread