For direct price discrimination to work
a. The firm must be able to identify the members of the low value group
b. The firm must charge a single price to all its customers
c. The firm need not worry about any arbitrage since all its customers are charged the same price
d. The firm should charge a higher price to those customers with the most elastic demand
a
Economics
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In perfect competition
A) many firms sell slightly different products to many buyers. B) sellers are better informed about the prices than buyers. C) firms face no restrictions on entry into market. D) established firms have advantage over new ones.
Economics
If people buy less of a good at every price when their incomes fall, then that good is a normal good
Indicate whether the statement is true or false
Economics