A Perfectly Competitive Firm Cannot Practice Price Discrimination Because

question 248

Multiple Choice

A perfectly competitive firm cannot practice price discrimination because

• A)a firm that breaks even in the long run cannot afford to engage in yield management.
• B)it does not advertise; this prevents the firm from marketing its product to different segments of the market.
• C)each consumer in a perfectly competitive market has the same willingness to pay.
• D)the firm can only charge the market price.

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Definitions:

Gender Identity Disorder

An older term for what is now more commonly referred to as gender dysphoria, which is the distress or discomfort that may accompany a difference between a person's gender identity and their biological sex.

Oppositional Defiant Disorder

A behavioral disorder characterized by a persistent pattern of angry, defiant, and vindictive behavior towards authority figures.

Gender Dysphoria

A psychological condition where a person experiences discomfort or distress because there is a mismatch between their biological sex and gender identity.

Cross-dressing

The act of wearing clothes traditionally associated with the opposite gender, which can be a form of self-expression, entertainment, or part of an individual's gender identity.