Price discrimination refers to:
a. charging different prices to different groups on the basis of production cost differences.
b. charging different prices to different groups without a basis for doing so because of differences in production costs.
c. the ability of a firm to charge a price in excess of marginal cost.
d. consumer bargain hunting.
b
Economics
You might also like to view...
A corporation is a firm owned by
A) two or more owners who have unlimited liability. B) a single owner who has unlimited liability. C) at least 20 stockholders who have partially limited liability. D) stockholders who have limited liability.
Economics
Refer to Table 9-14. The real average hourly earnings for 1965 in 1982-1984 dollars equal
A) $1.28. B) $6.49. C) $8.28. D) $15.45.
Economics