For direct price discrimination to work,
a. The firm need not be able to identify members of the low-value group
b. The firm must charge a single price to all its customers
c. The firm need not worry about any arbitrage since all its customers are charged the same price
d. None of the above
d
You might also like to view...
One plausible explanation for the large amount of U.S. currency outstanding is that many dollars are held abroad
a. True b. False Indicate whether the statement is true or false
If the actual price level is 165, but people had been expecting it to be 160, then
a. the quantity of output supplied rises, but only in the short run. b. the quantity of output supplied rises in the short run and the long run. c. the quantity of output supplied falls, but only in the short run. d. the quantity of output supplied falls in the short run and the long run.