In Case of Third-Degree Price Discrimination in Two Markets with Differing

question 60

Multiple Choice

In case of third-degree price discrimination in two markets with differing demand elasticities,price will:

• A)converge in the two markets if resale is possible.
• B)be higher in the market with the more elastic demand.
• C)be higher in the market with the higher average cost.
• D)differ between the two markets only if the number of consumers varies.

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Definitions:

Father-Absent Families

Describes family situations where the father is physically absent from the household, impacting family dynamics and child development.

Sexually Promiscuous

Exhibiting or characterized by involvement in a variety of sexual relationships with little or no emotional commitment.

Contraceptives

Methods or devices used to prevent pregnancy.

Unmarried Teens

Refers to adolescents who are not legally married or in a marital-like relationship.