Which of the Following Statements Regarding Price Discrimination Is True

question 71

Multiple Choice

Which of the following statements regarding price discrimination is true?

• A)In order to capture more surplus, the firm must have some market power.
• B)Third-degree price discrimination is illegal.
• C)Second-degree price discrimination refers to pricing differently for different market segments.
• D)First-degree price discrimination is relatively easy to implement.

---

Definitions:

Loves to Do

Expresses the enjoyment or passion someone has for engaging in a particular activity or job.

Skunkworks

A project developed by a small and loosely structured group, often in secrecy, focused on innovative and radical solutions.

Intrapreneurship

The act of behaving like an entrepreneur while working within a large organization, focusing on innovation and creativity.

Commercial Project

A project that is undertaken by a business or a company aiming to generate profit or revenue. It can include anything from launching a new product to constructing commercial real estate.