Price discrimination:
A. can benefit consumers with a lower willingness to pay when compared to other consumers in the market
B. can be a successful strategy for any firm in a competitive market
C. tends to decrease the profits of the firm.
D. is more successful if resale of the product is possible from one consumer to another.
A. can benefit consumers with a lower willingness to pay when compared to other consumers in the market
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Which of the following is a fixed cost?
A) payment to hire a security worker to guard the gate to the factory around the clock B) wages to hire assembly line workers C) payments to an electric utility D) costs of raw materials
Which of the following is based on the idea that power should be concentrated in the hands of the majority?
A. the consensus vision of democracy B. the majoritarian vision of democracy C. substantive representation D. symbolic representation