Price discrimination is
A) always illegal in the United States.
B) defined as charging the same price to all consumers.
C) defined as charging different prices for different units.
D) setting the price to minimize the quantity sold.
E) Both answers A and C are correct.
C
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A firm is more likely to engage in horizontal foreign direct investment if
A) trade costs are high and there are internal economies of scale. B) trade costs are low and there are internal economies of scale. C) trade costs are high and there are external economies of scale. D) trade costs are low and there are external economies of scale. E) trade costs are low and firms experience constant returns to scale in production.
In the capital market, the rental price is what a:
A. consumer pays to gain permanent ownership of a factor of production. B. producer pays to use a factor of production for a certain period or task. C. consumer pays to use labor or land services for a certain period or task. D. producer pays to gain permanent ownership of a factor of production.