If a firm faces a flat demand curve,
A) it cannot engage in price discrimination.
B) it can only engage in two-part tariffs.
C) it can only engage in perfect price discrimination.
D) None of the above.
A
Economics
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Which of the following might be a final good?
A) A box of Kellogg's corn flakes B) An iMac computer C) A U-Haul rental vehicle D) An economics textbook E) Any of the above might be, depending upon who is purchasing it.
Economics
The table gives the demand and supply schedules for boat rides. If the supply of boat rides increases by 20 rides a day, the price will ________
A) remain unchanged B) fall to $6 a ride C) rise to $6 a ride D) rise to $10 a ride
Economics