Which of the following is not a characteristic of pure capitalism?
a. private property rights
b. competitive markets
c. laissez-faire policies
d. central planning
e. a reliance on prices to direct resources to their best uses
D
Economics
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Which of the following would not be categorized as a form of third-degree price discrimination?
A) Group pricing. B) Promotional pricing. C) Versioning. D) Personalized pricing.
Economics
Second-degree price discrimination allows firms to do all of the following except which one?
A) receive a higher price for the last units sold B) sell more units C) change some of the consumer surplus into profit D) receive a higher price of the first units sold
Economics