The Manager of a Firm Is Attempting to Practice Third

question 41

Multiple Choice

The manager of a firm is attempting to practice third degree price discrimination. She has equated the marginal revenue in each of her markets. By doing this, her:

• A) profits are maximized.
• B) costs are minimized given her level of output.
• C) revenues are maximized, given her level of output.
• D) all of the above

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Definitions:

Social Loafing

The phenomenon in which individuals exert less effort when working in a group than when working alone.

Group Polarization

The tendency for a group to make decisions that are more extreme than the initial inclination of its members, following a discussion.

Internet Discussions

Exchanges of ideas or comments among users on online platforms, forums, and social media.

Social Loafing

The phenomenon where individuals exert less effort when working in a group compared to when working alone.