Which of the Following Statements Regarding Price Discrimination Is True

question 71

Multiple Choice

Which of the following statements regarding price discrimination is true?

• A)In order to capture more surplus, the firm must have some market power.
• B)Third-degree price discrimination is illegal.
• C)Second-degree price discrimination refers to pricing differently for different market segments.
• D)First-degree price discrimination is relatively easy to implement.

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Definitions:

Independence

In the context of probability and statistics, refers to events that have no influence on each other's likelihood of occurring.

Random Sample

A sample drawn from a population in such a way that every individual has an equal chance of being selected.

Blood Type

The classification of human blood based on the presence or absence of antibodies and inherited antigenic substances on the surface of red blood cells.

Association

In statistics, it refers to any relationship or correlation between two or more variables.