A Firm Practicing Group Price Discrimination That Has Constant Marginal

question 132

Multiple Choice

A firm practicing group price discrimination that has constant marginal cost will

• A)maximize total profit by maximizing profit for each group separately.
• B)will charge the same price to all groups.
• C)will act like a monopoly and treat all groups the same.
• D)sets p = MC.

---

Definitions:

Reactants

Substances initially present in a chemical reaction that are consumed during the reaction to create products.

Endergonic Reactions

Chemical reactions that require an input of energy to proceed and are characterized by a positive change in free energy.

Exergonic Reactions

Chemical reactions that release energy, generally in the form of heat, and occur spontaneously.

Input of Energy

The introduction or absorption of energy into a system or process to initiate or drive reactions.