Economists Do Not Think Price Discrimination Is Unfair Because

question 17

Multiple Choice

Economists do not think price discrimination is unfair because

• A) people with higher incomes should pay higher prices than those with lower incomes.
• B) if the prices charged to some buyers get too high, those who are able to buy at lower prices will just resell their purchases to the people facing the high prices.
• C) economists are concerned with efficiency rather than fairness.
• D) more buyers are able to purchase the good with price discrimination, some buyers pay a lower price than if there were a single price, and sellers earn higher profit than if there were a single price.

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Definitions:

Restraining Forces

Factors that hinder or slow down the process of organizational change, including employee resistance, inadequate resources, and poor communication.

Driving Forces

Driving forces are factors that push in a direction that causes change or influence events.

Change Agents

Individuals or entities that act as catalysts for change within an organization, driving and facilitating change efforts.

Subtle Forms

Indirect or not immediately obvious ways in which something can manifest or be expressed.