Suppose Group Price Discrimination Is Possible but a Firm Chooses

question 3

Multiple Choice

Suppose group price discrimination is possible but a firm chooses not to and sets the same price in each market. As a result

• A)price elasticity of demand is the same in each market.
• B)the price-inelastic market will buy zero units.
• C)marginal revenue in the more price-elastic market exceeds marginal revenue in the less price-elastic market.
• D)the deadweight loss is less than if the firm price discriminated.

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Definitions:

External Trigger

A signal or event from outside a system that initiates a process or action within the system.

State Change

A transition in the condition or mode of a system or component, such as from off to on, or from idle to active.

Tag Name

An identifier used in programming and automation for variable names, signals, or data points for easy reference.

Counter Accum

It usually refers to a register in PLC programming that accumulates counts, often used to track occurrences of specific events or operations over time.