Which of the following is not a requirement for a successful price discrimination strategy?
A) The firm must be able to prevent arbitrage.
B) A firm must have the ability to charge a price greater than marginal cost.
C) Transactions costs must be the same for all consumers.
D) Some consumers must have a greater willingness to pay for the product than other consumers, and the firm must be able to know what prices consumers are willing to pay.
C
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If the government of a country uses contractionary monetary policy:
A) its currency will depreciate. B) its currency will appreciate. C) its currency will neither depreciate nor appreciate. D) its currency will initially appreciate then depreciate.
Which of the following policy measures created an Office of Credit Ratings at the SEC with its own staff and the authority to fine credit-rating agencies and to deregister an agency if it produces bad ratings?
A) the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 B) Sarbanes-Oxley Act of 2002 C) Global Legal Settlement of 2002 D) Gramm-Leach-Bliley Act of 1999 E) Riegle-Neal Act of 1994