Ordinary Price Discrimination Still Results in a Deadweight Loss Because

question 36

Multiple Choice

Ordinary price discrimination still results in a deadweight loss because:

• A)firms are not charging enough different prices.
• B)competitors prevent the price searcher from exploiting more of the consumer's surplus.
• C)consumers are not willing to pay the prices charged.
• D)firms that price discriminate are not maximizing profits.

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Definitions:

Non-Maleficence

A fundamental principle in bioethics that obligates healthcare providers to avoid causing harm to patients.

Causing Harm

The act of causing physical, psychological, or emotional injury or damage to individuals or groups.

Paternalism

The practice or policy of controlling or managing individuals in a manner similar to how a father might guide his children, often without their consent or input.

Uneven Power

Situations where there is an imbalance of power or influence between groups or individuals, often affecting decision-making or resources distribution.