Which of the Following Is One of the Reasons That

question 82

Multiple Choice

Which of the following is one of the reasons that consumers are able to capture consumer surpluses?

• A)Because the firm is a monopoly supplier
• B)Because it is difficult to segment a market to reflect reservation prices of all customers
• C)Because value creation results in a corresponding reduction in costs of production
• D)Because firms can charge consumers a price that reveals a consumer's assessment of the product's value

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Definitions:

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A psychological assessment that detects if a person has knowledge only a guilty party could possess, by monitoring physiological responses to specific stimuli.

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A psychological approach that emphasizes the study of observable behaviors and the effects of learning and environment.

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