Compared with Charging a Single Price,all Else Equal,imperfect Price Discrimination

question 71

Multiple Choice

Compared with charging a single price,all else equal,imperfect price discrimination:

• A)sometimes hurts customers with low ability to pay while benefiting wealthy customers.
• B)always hurts all customers while increasing firm profits.
• C)sometimes benefits customers with low ability to pay while reducing firm profits.
• D)sometimes benefits customers with low ability to pay while increasing firm profits.

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Definitions:

Empathy

The ability to understand and share the feelings of another, key in building meaningful relationships and effective communication.

Feedback

Information or criticism about a prior action or behavior from an individual, which is used as a basis for improvement.

Customer Needs

The requirements or desires that consumers have which drive them to purchase products or services to fulfill these needs.

Listening Level

The degree or depth of attention one gives to a speaker; it can vary from passive hearing to active, engaged listening.