Price Discrimination Can Benefit Some Consumers When

question 81

Multiple Choice

Price discrimination can benefit some consumers when

• A)the additional profit realized by the monopolist equals the cost incurred
• B)the government comes in to regulate the market
• C)competitors are also able to price discriminate
• D)those consumers pay a price lower than the price they would have to pay a single-price monopolist
• E)those consumers pay a price higher than the price they would have to pay a single-price monopolist

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Definitions:

Physical Barriers

Physical barriers refer to tangible obstructions that hinder or restrict access, communication, and interaction among people in a physical space.

Listening

The active process of receiving, understanding, and responding to spoken words or sounds.

Culture

A collection of common beliefs, objectives, conventions, and behaviors that define a group, organization, or institution.

Cross-Cultural Communication

The process of exchanging information and ideas between individuals from different cultural backgrounds.