Which of the Following Statements Is FALSE

question 67

Multiple Choice

Which of the following statements is FALSE?
I. If the demand curves are different, it is more profitable to set a single price than different prices in markets.
II. To maximize profit the firm should set a lower price in markets with more elastic demand.
III. The presence of arbitrage makes it easy for a firm to price discriminate.

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

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Definitions:

Indirect Method

A communication technique where the main point or bad news is presented later in the message, often after explanations or justifications.

Bad News About Transactions

Negative information or updates related to business dealings, financial transactions, or agreements that may affect stakeholders' perceptions or decisions.

Direct Approach

A communication method that involves stating the main point or objective at the very beginning.

Succinct Statement

A concise and clearly expressed declaration or explanation, often capturing the essence of an idea or stance with brevity.