In the Context of This Chapter,how Can Price Discrimination Increase

question 74

Multiple Choice

In the context of this chapter,how can price discrimination increase profits for firms and increase the welfare of society?

• A) It can't; those are two mutually exclusive goals.
• B) When firms earn higher profits,governments collect additional tax revenue.
• C) When firms earn higher profits,they are able to employ more workers,leading to a more prosperous economy.
• D) Firms are able to capture more revenue by selling their product to more consumers,which means that more buyers are able to acquire a desired product.
• E) It can't; welfare-minded societies tend to overregulate business profits.

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Definitions:

World-class Suppliers

Suppliers that offer best-in-class services, quality, and efficiency, often recognized for their excellence through industry awards or certifications.

Technological Change

The process of innovation and the introduction of new technologies or methods to improve products, services, or processes.

Supply Chain Management

The coordinated management of all activities involved in sourcing, procuring, producing, and delivering goods or services to consumers.

Supplier Network

A group of suppliers that are interconnected and interact with one another to supply goods or services to a particular company.