Price discrimination by a firm is
a. illegal under all circumstances.
b. legal if the firm can show that the difference in the prices charged customers is justified by a difference in the costs of serving them.
c. legal if the firm can show that the demand for its good is relatively elastic.
d. legal under all circumstances.
b
Economics
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Refer to Figure 9-2. Without the tariff in place, the United States produces
A) 9 million pounds of rice. B) 15 million pounds of rice. C) 31 million pounds of rice. D) 42 million pounds of rice.
Economics
A corporation issues a three year bond with a coupon of $50 and a face value of $1000. Immediately after being issued, market interest rates decline to 4%. What is the price of the bond? Report your answer to the nearest dollar
What will be an ideal response?
Economics