If a Firm Is Able to Convert Every Dollar of Consumer

question 203

Multiple Choice

If a firm is able to convert every dollar of consumer surplus to economic profit,the firm has achieved

• A) discrimination among units of a good.
• B) discrimination between groups of buyers.
• C) perfect price discrimination.
• D) perfect cost minimization.
• E) the normal amount of economic profit.

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Definitions:

Communication Channel

The medium through which information is transmitted from one entity to another, including oral, written, and electronic means.

Electronic Format

A way of presenting information using digital or electronic means, such as PDFs, websites, or e-books.

Message

The core information or idea that is communicated by a speaker or writer to an audience.

Communication Channel

The medium through which messages are transmitted from a sender to a receiver, such as email, phone, or face-to-face conversation.