Group Price Discrimination Has ________ Consumer Surplus Than Under ________

question 119

Multiple Choice

Group price discrimination has ________ consumer surplus than under ________.

• A)more; perfect competition
• B)less; perfect competition
• C)more; an elastic demand curve
• D)less; single-price monopoly

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Definitions:

Pay To The Order

A directive on a negotiable instrument, such as a check, indicating that the designated amount should be paid to the entity or person specified.

Drawer

The person who writes or issues a check, draft, or bill of exchange, thereby creating an obligation to pay.

Payee

The individual or entity to whom money is payable, typically the recipient of a check or electronic payment.

Demand Instrument

A financial document, like a check or promissory note, that is payable on demand or presentation.