Suppose group price discrimination is possible; however, a firm sets the same price in each market. As a result,
A) price elasticity of demand is the same in each market.
B) the price-inelastic market will buy zero units.
C) marginal revenue in the more price-elastic market exceeds marginal revenue in the less price-elastic market.
D) the deadweight loss is less than if the firm price discriminated.
C
Economics
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The economic growth model predicts that ________ across countries will converge over time
A) growth rates B) income levels C) GDP per capita D) foreign direct investment rates
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High growth in the rich countries from 1985 to 2014 was most likely due to
A) a high savings rate. B) high capital accumulation. C) technological progress. D) high consumption rates. E) monetary policy.
Economics