Pizza joints often offer substantially lower prices for pizza picked up at the shop compared to delivered pizza prices. This may be an attempt at
A) perfect price discrimination.
B) group price discrimination.
C) quantity discrimination.
D) second-degree price discrimination.
B
Economics
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In 2011, Netflix raised prices on its DVDs and internet streaming plan. The Reed Hastings, CEO of Netflix, believes
a. Netflix is an industry leader thereby making the demand curve inelastic b. Netflix is an industry leader thereby making the demand curve elastic c. People are willing to pay more for the good d. There are many substitutes to Netflix's products
Economics
Which of the following is correct?
A) AFC = TC/Q - TVC/Q B) AVC = TVC - AFC C) TC = AVC?Q D) MC = TC - TVC
Economics