If a Firm Successfully Price Discriminates, It Increases I

question 114

Multiple Choice

If a firm successfully price discriminates, it increases i. consumer surplus.
Ii. deadweight loss.
Iii. economic profit.

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

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Definitions:

Extinction

The process in which a previously learned behavior diminishes or disappears as a result of the discontinuation of reinforcement or the removal of a stimulus.

Reflex

An automatic, involuntary response to a specific stimulus, typically serving as a protective mechanism.

Unethical

Actions or behaviors that violate moral, professional, or societal standards, often causing harm or disadvantage to others.

UCS

Unconditioned Stimulus; a stimulus that naturally triggers a response without prior conditioning in the context of classical conditioning.