Firms can only use one form of price discrimination
Indicate whether the statement is true or false
False. Firms often combine different forms of price discrimination in order to maximize profits. For example, a ski resort often uses peak-load pricing because skiing is more popular during the high season when the snow is better. It may also charge locals less than tourists for lift tickets. And it may also use group price discrimination, discriminating based on age.
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Citizen voters are typically ignorant of many political issues because
A) information is not a good. B) information is only a free good. C) information is a scarce good. D) politicians have always conspired to keep voters misinformed.
Which of the following broad categories are resources divided into?
a. Natural resources, labor, capital, and entrepreneurial ability b. People, money, and machines c. Free, scarce, abundant, and unlimited d. Savings, spending, investment, and capital e. Human, technological, and government