First-Degree Price Discrimination Is _____

question 58

Multiple Choice

First-degree price discrimination is _____.

• A)perfect because it benefits consumers the most
• B)called first-degree because it does not apply to resale of products
• C)also known as perfect price discrimination
• D)the easiest form of price discrimination to implement

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Definitions:

Public Goods

Goods that are non-excludable and non-rivalrous, meaning that no individual can be effectively excluded from their use, and one person's use does not reduce availability to others.

Regressive

A term often used to describe a tax system where the tax rate decreases as the taxable amount increases, leading to a higher burden on lower-income entities.

Sales Taxes

Taxes imposed on the sale of goods and services, typically calculated as a percentage of the sales price.

Consume

The use of goods and services by households or individuals, leading to the reduction or depletion of the useful life of a good or service.