Which of the Following Is the Main Principle of Price

question 214

Multiple Choice

Which of the following is the main principle of price discrimination?
I. It is more profitable to set different prices in markets with different demand curves than charge the same price in all markets.
II. To maximize profits, firms should charge lower prices in markets with more elastic demands.
III. Arbitrage increases the profit opportunities of price discrimination.

• A) I and III only
• B) II only
• C) I and II only
• D) I, II, and III

Analyze the ethical considerations surrounding duty to rescue and exceptions to general principles.

Understand the impact and ethics of corporate contributions to political causes.

Comprehend how ethical preferences are formed and their influence on decision-making.

Differentiate between virtue ethics, utilitarianism, and deontological ethics in the context of ethical decision-making.

---

Definitions:

Homogeneous Goals

Objectives that are uniform or similar in nature within a group, leading to a more cohesive and unanimous effort towards achievement.

Disruptive Behavior

Actions that disturb or interfere with normal operations in a setting, such as a workplace or school.

Nominal Group

A nominal group is a structured method for group brainstorming that encourages contributions from everyone by having members write down their ideas and then share them with the group for further discussion.

Nominal Group

A structured method for group brainstorming that encourages contributions from everyone by having group members write down their ideas and share them one at a time.