Selling the same product under different brand names allows a firm to price discriminate as long as
A) customers know the products are identical.
B) customers do not know the products are identical.
C) the products really are not the same.
D) the firm lets customers know that the products are identical.
B
You might also like to view...
Per capita income is calculated by
a. income growth – population growth b. income growth × population growth c. income growth/population growth d. income/population e. income growth + population growth
Answer the question on the basis of the following information. Suppose the members of population A, consisting of Al, Bob, Curt, Doris, and Ellie, receive annual incomes of $5,000, $2,500, $1,250, $750, and $500, respectively. Refer to the given
information and this information as well. The members of population B, consisting of Fred, George, Holly, Irma, and Joan, receive incomes of $4,000, $3,000, $1,250, $950, and $800, respectively. We: A. can say that the income of population B is less equally distributed than that of population A. B. can say that the income of population B is more equally distributed than that of population A. C. cannot make a meaningful comparison of the income distributions of populations A and B. D. can say that the poorest quintile of population B receives 12 percent of total income.