For direct price discrimination to work effectively
a. The low-valued group should not be able to arbitrage
b. Charge the same price to the different groups
c. Both groups should have the same elasticity of demand
d. None of the above
a
Economics
You might also like to view...
The measure of how easily a particular asset can be converted quickly to cash without much loss of value is called:
A. liquidity. B. risk. C. intermediation. D. default line.
Economics
If workers and firms forecast inflation accurately,
A. the aggregate supply curve will be vertical. B. the real wage will not decline as the price level rises. C. workers will not lose from inflation, and firms will not gain. D. All of these responses are correct.
Economics