Which of the Following Is TRUE About Price Discrimination

question 92

Multiple Choice

Which of the following is TRUE about price discrimination?

• A)It can only be used by monopolistic firms.
• B)It is only possible if the good cannot be resold.
• C)It maximizes consumer welfare since each consumer pays only what he is willing to pay.
• D)All of the above are true.

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Definitions:

Sternum

A long, flat bone located in the center of the chest, connecting to the ribs via cartilage, forming the front part of the rib cage.

Basal Cell

A type of cell found in the lowest layer of the epidermis, involved in the production of new skin cells.

Squamous Cell

A flat, scale-like epithelial cell found in the tissue that forms the surface of the skin, lining of the hollow organs of the body, and passages of the respiratory and digestive tracts.