When Firms Price Discriminate, They Turn ________ into ________

question 53

Multiple Choice

When firms price discriminate, they turn ________ into ________.

• A)producer surplus; revenue
• B)consumer surplus; profit
• C)revenue; producer surplus
• D)producer surplus; consumer surplus

---

Definitions:

Good Wages

Earnings from employment that are considered fair or satisfactory, usually in relation to the standard of living and market conditions.

Job Satisfaction

The level of contentment and fulfillment an individual experiences with their job, including aspects like work environment, duties, and compensation.

Satisfied Clients

Customers who have had their expectations met or exceeded by a service or product, leading to a positive experience.

Supervisor

An individual who oversees and directs the work of others, often in a workplace setting.