Which of the Following Is True Regarding Price Discrimination

question 322

Multiple Choice

Which of the following is true regarding price discrimination?
i.It converts consumer surplus to economic profit.
ii.A price discriminator must be a monopoly.
iii.To be able to price discriminate,the firm must be able to identify different types of buyers.

• A) i and ii
• B) i and iii
• C) ii and iii
• D) ii only
• E) i, ii, and iii

Learn the role and characteristics of red and white blood cells in the circulatory system.

Identify the stages and substances involved in blood clot formation.

Describe the process of gas exchange in the capillaries.

Understand the mechanisms behind blood pressure regulation and homeostasis.

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Definitions:

Attributes

Characteristics or qualities that define or identify an individual, object, or concept.

Behaviors

Actions or reactions of an individual or group in response to external or internal stimuli.

Environment

The surrounding conditions and influences that affect the growth, development, or existence of living things.

Gene-environment Correlation

A concept in behavioral genetics that suggests individuals’ genetic makeup influences their exposure to certain environments, which in turn affects their traits or behaviors.