If Resale Is Easy, Then

question 81

Multiple Choice

If resale is easy, then

• A)price discrimination won't work, because then only low-priced goods are sold.
• B)consumers' demand curves will shift to the low-priced good.
• C)firms will stop providing the good.
• D)price discrimination results in lower consumer surplus.

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Definitions:

Mean Score

A statistical measure representing the average value of a set of numbers, calculated by dividing the sum of all values by the number of values.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values are from the mean.

Standard Deviation

A measure of the dispersion or variability within a set of numerical data, indicating how spread out the numbers are.

Standardize

To make consistent by conforming to a set standard or protocol to ensure uniformity and comparability.