Perfect price discrimination occurs when:
A) a firm charges wealthier buyers a lower price.
B) a firm charges each buyer exactly their willingness to pay.
C) a firm charges the same buyer different prices at different points of time.
D) a firm charges different buyers according to the characteristic of their purchase.
B
Economics
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Suppose prices are quoted in dollars and transactions are conducted in pesos. The peso serves as a
A) medium of exchange. B) store of value. C) unit of account. D) all of the above.
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A business owned and managed by a single individual:
a. cooperative b. corporation c. trade association d. partnership d. sole proprietorship
Economics