Price Discrimination Is Considered Bad When ________, but Good When

question 131

Multiple Choice

Price discrimination is considered bad when ________, but good when ________.

• A) it increases output; it decreases output
• B) it decreases output; it increases output
• C) it increases deadweight loss; it decreases deadweight loss
• D) it increases prices; it decreases prices

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Definitions:

Acid Chlorides

A class of organic compounds derived from acids by replacing a hydroxyl group with a chloride atom, known for their reactivity in forming other derivatives.

Propanoic Anhydride

An organic compound derived from propanoic acid, used in organic syntheses.

Phenol

An aromatic compound featuring a hydroxyl group (-OH) attached to a benzene ring, widely used in chemical manufacturing.

Mechanism

A detailed description of the step-by-step process by which a chemical reaction occurs.