Price Discrimination Can Benefit Some Consumers Because

question 78

Multiple Choice

Price discrimination can benefit some consumers because:

• A) a uniform price may be above their willingness to pay.
• B) they can resell that good at a higher price and earn some extra money.
• C) it forces monopolists to earn lower profits.
• D) it forces monopolists to operate on the elastic section of their demand curve.

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Definitions:

Managerial Functions

The core duties that managers must perform: planning, organizing, leading, and controlling, to ensure the effective operation of an organization.

Universal Managerial Functions

The fundamental tasks or responsibilities, such as planning, organizing, leading, and controlling, which are common to all managers regardless of their role or level within an organization.

Clark L. Wilson

An influential figure in the field of human resources and organizational development, known for his work on behavioral assessment.

Managerial Skills

Managerial skills are the abilities and competencies that individuals need to effectively manage tasks, people, and resources within an organization.