Which is the best example of price discrimination?
A. An airline company charging lower fares per pound for air freight than for passengers
B. A telephone company charging lower rates to weekend users than weekday users
C. A supermarket charging lower prices in its city stores than its out-of-the-way rural store
D. A private doctor charging higher fees to patients receiving special services than patients receiving regular services
B. A telephone company charging lower rates to weekend users than weekday users
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In order to meet the dual mandate, the Fed must:
A. maintain price stability. B. maintain full employment. C. keep unemployment levels near the NAIRU. D. All of these statements are true.
A closed economy is one that
A. uses tariffs. B. uses quotas to restrict trade. C. uses exchange controls. D. does not trade with other nations.