Which of the following statements about perfect price discrimination is false?
A) For the price-discriminating firm, its marginal revenue curve coincides with its demand curve.
B) There is no consumer surplus if a firm engages in perfect price discrimination.
C) A condition for perfect price discrimination is that it must be costlier to service some customers than others.
D) Perfect price discrimination occurs when the seller charges the highest price each consumer would be willing to pay for the product.
C
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From the World Bank's establishment after WWII through the mid-1960s, its development aid focused on
a. basic human needs. b. good governance. c. structural adjustment. d. infrastructure.
A tariff is a:
a. tax on an exported product. b. limit on the number of goods that can be exported. c. limit on the number of goods that can be imported. d. tax on an imported product. e. subsidy on an imported product.