Sellers who charge different prices to different customers can increase their net revenue
A) by forcing some customers to pay more for the product than it is worth to them.
B) by getting high-price customers in effect to subsidize sales to low-price customers.
C) if the demand of some customers for the product enables the sellers to build volume by selling at prices below marginal cost.
D) if they can prevent customers from reselling to one another.
D
Economics
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The average starting salary for a history major is $29,500. If the CPI was 147.5, the real salary is
A) $200.00 an hour. B) $20,000. C) $35,000. D) $43,513. E) $14,750.
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All of society's applied knowledge on how to produce goods and services is
A) held by university professors. B) called technology. C) opportunity cost. D) efficiency.
Economics