Which of the Following Statements Is TRUE About Price Discrimination

question 253

Multiple Choice

Which of the following statements is TRUE about price discrimination?

• A) Price discrimination makes consumers worse off due to higher prices.
• B) Price discrimination leads to deadweight loss and therefore makes the market less efficient.
• C) Price-discriminating monopolists often produce more output than single-price monopolists and increase total surplus in the process.
• D) Price discrimination is illegal in the United States.

---

Definitions:

Hollywood System

The traditional practices, structures, and methods of the major film studios in Hollywood, focusing on the star system and genre films.

Nonlinear Flashback

A narrative technique used in storytelling where the chronological sequence of events is disrupted, often through the insertion of memories or past events at points in the story where they provide context or emotional depth.

Narrative Structure

The organizational framework of a story, outlining the way in which its plot is constructed, including the exposition, rising action, climax, falling action, and resolution.

Wartime Filmmaking

The production of movies during periods of war, often characterized by themes of patriotism, propaganda, and the depiction of heroism and sacrifice.