When Firms Price Discriminate, They

question 49

Multiple Choice

When firms price discriminate, they

• A)get additional surplus from consumers who would have bought at the profit-maximizing uniform price but lose sales because of the higher prices.
• B)maintain surplus from existing consumers but pick up additional consumers that would not have bought at the profit-maximizing uniform price.
• C)get additional surplus from consumers who would have bought at the profit-maximizing uniform price.
• D)None of the above.

Identify the significance of processing and presenting information accurately in reports.

Recognize the importance of including all crucial information within the main body of the report.

Understand the process of documentation in report writing.

Grasp the criteria for good report problem identification in business or administration.

---

Definitions:

Sherman Act

A landmark federal statute in the field of United States antitrust law passed by Congress in 1890 to prohibit monopolistic business practices.

Monopoly Power

Monopoly power refers to the ability of a single seller or company to control the market for a particular good or service, allowing it to set prices above competitive levels.

Unreasonably Restrain

To limit or control someone or something to an excessive or unjustifiable extent, typically in a legal or regulatory context.

Microsoft Antitrust Case

A legal case in which Microsoft was accused of holding a monopoly in PC operating systems, leading to significant legal and regulatory outcomes for the company.