Which of the Following Statements Is Not Correct

question 21

Multiple Choice

Which of the following statements is not correct?

• A)First-degree and third-degree price discrimination work to increase a firm's profits by converting consumer surplus into revenue for the firm.
• B)First-degree and third-degree price discrimination work to increase a firm's profits by more accurately matching willingness to pay to the marginal costs of production.
• C)First-degree price discrimination works to increase a firm's profits by converting consumer surplus into revenue for the firm, while third-degree price discrimination increases a firm's profits by more accurately assessing the willingness to pay of different groups of consumers.
• D)Because it focuses on more accurately assessing the willingness to pay of different groups of consumers, third-degree price discrimination will increase a firm's profits more than will first-degree price discrimination.

---

Definitions:

Cerebral Hemispheres

The two halves of the brain, divided by the median longitudinal fissure, which manage most of the brain's functions and are responsible for different activities.

Amygdala

A part of the brain involved in processing emotions, fear responses, and forming emotional memories.

Hypothalamus

A region of the brain responsible for producing hormones that control bodily functions like hunger, thirst, temperature, and emotional activity.

Hormones

Chemical messengers produced by glands in the body, which travel through the bloodstream to target organs or tissues, influencing various physiological processes.