The Purchase Price for Stata Version 12 (Statistical Software Used

question 109

Multiple Choice

The purchase price for Stata version 12 (statistical software used by many economists) is $895. For users of Stata version 11, the price to upgrade to version 12 is $395. Which of the following statements is (are) TRUE?

• A) Stata is using a two-part tariff strategy.
• B) Stata is segmenting its market by past purchasing behavior.
• C) Stata is practicing first-degree price discrimination by charging different groups different prices.
• D) The current users of Stata are less price-sensitive than possible future users.

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Definitions:

Chlorophyte

Chlorophyte refers to green algae, a diverse group of photosynthetic organisms found in various aquatic environments, part of the eukaryotic kingdom Chlorophyta.

Seaweed

Multicellular algae that grow in marine or freshwater environments, often used as food or fertilizer.

Sea Lettuce

A common name for Ulva, a genus of edible green algae that grows in salty waters around the world.

Ulva

A genus of green algae, commonly known as sea lettuce, found in marine and brackish water environments.