Which of the Following Statements Is False

question 123

Multiple Choice

Which of the following statements is false?

• A)A perfectly price-discriminating monopolist does not lower price on all previous units in order to sell an additional unit of its product.
• B)Second-degree price discrimination is when the seller charges a uniform price per unit for one specific quantity, a lower price of an additional quantity, and so on.
• C)Charging senior citizens less for medicine is an act of third-degree price discrimination.
• D)Charging women less for a car wash is an act of second-degree price discrimination.
• E)A price taker cannot practice price discrimination.

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Definitions:

Annual Rate of Inflation

The percentage increase in the cost of goods and services over a one-year period.

Equivalent Annual Rate

The interest rate that is annualized using compounding over a given period, making it comparable across different compounding frequencies.

Rate of Production

The speed at which goods or services are produced, usually measured over a specific time period.

Plant Workers

Individuals employed in industrial or manufacturing settings, responsible for operating machinery and producing goods.