With no price discrimination,

a. A firm sells every unit at different prices
b. A firm sells every unit at same prices
c. Low-value group pay a lower price than the high-value group
d. Low-value group pay a higher price than the high-value group

b

Economics

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Indicate whether the statement is true or false

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Refer to the diagram, representing Slippery Slope Oil Company. How many million barrels should Slippery Slope extract and sell this year?



A.  5.
B.  10.
C.  15.
D.  It cannot be determined with the information given.

Economics