For direct price discrimination to work effectively
a. The low-valued customers should not be able to engage in arbitrage
b. You need to 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
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If a firm produces 20 units of output and incurs a total cost of $1,000 and a variable cost is $700, calculate the firm's average fixed cost of production if it expands output to 25 units
A) $300 B) $15 C) $12 D) It is impossible to determine without additional information.
Economics
The Federal Reserve Open Market Committee allows representatives of the President and Congress to sit on its meetings
a. True b. False
Economics