What is the difference between price discrimination and predatory pricing?
What will be an ideal response?
Price discrimination occurs when a firm divides consumers into two or more groups and charges each group a different price for the same product. Predatory pricing occurs when a firm decreases the price of a product to drive a rival out of business. Once the rival is gone, the firm increases the price of the product.
Economics
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The ratio of consumption to income is known as ________
A) the average propensity to consume B) the borrowing constraint C) the marginal propensity to consume D) subprime accommodation
Economics
Does inflation always cause workers losses due to decreases in real wages? Why or why not?
Economics