After Making a List of Causal Factors,these Variables Can Be

question 35

True/False

After making a list of causal factors,these variables can be charted using the fishbone construction method developed by Ishikawa.

---

Definitions:

Perfectly Price Discriminate

A situation where a seller charges each buyer their maximum willingness to pay, capturing all consumer surplus as profit.

Surplus

A condition where the supply of a product or service surpasses its demand at the existing price.

Monopolist

A Monopolist is a market participant who has exclusive control over the market for a particular good or service, facing no competition.

Perfectly Price Discriminate

A theoretical pricing strategy where a seller charges the maximum possible price that each consumer is willing to pay.