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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.
Authoritarian
A leadership or governing style characterized by strict obedience to authority and control over subordinates.
Self-actualization
Self-actualization is the fulfillment of one's talents and potentialities, often considered as a drive or need present in everyone.
Carl Rogers
An influential American psychologist known for his role in developing the humanistic approach to psychology.
Dependent Relationship
A type of relationship where one variable is influenced or determined by another variable.
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