To Gain from Price Discrimination, Price Searchers

question 189

Multiple Choice

To gain from price discrimination, price searchers

• A) must charge a higher price to those with a more inelastic demand.
• B) must be pure monopolists.
• C) must have small economies of scale
• D) must have access to widely available natural resources.

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Definitions:

Psychological Contracts

An unwritten agreement between an employee and their employer regarding mutual expectations of inputs and outcomes.

Personal Employment Agreements

Contracts between an employer and an employee detailing the terms of employment including duties, compensation, and conditions of work.

Holland's Theory

A theory that matches people's preferences for work environments and personality types to help them find suitable careers.

Occupations

Types of jobs or professions characterized by a specific set of skills, tasks, and responsibilities.