What is one reason car dealerships might move away from perfect price discrimination to uniform pricing?
A) Perfect price discrimination doesn't work.
B) Transaction costs erode the profit of perfect price discrimination.
C) Consumers are ill-informed and tend to complain too much.
D) Uniform pricing is always more profitable and more fair as well.
B
Economics
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What are the proximate causes of prosperity? How are they related to the fundamental causes of prosperity?
What will be an ideal response?
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Mulch is shredded wood and is a by-product in the production of lumber. Because these two goods are produced together, they are
A) complements in production. B) substitutes in production. C) inputs into the same production process. D) not related. E) normal goods in production.
Economics