In the Context of This Chapter,how Can Price Discrimination Increase

question 74

Multiple Choice

In the context of this chapter,how can price discrimination increase profits for firms and increase the welfare of society?

• A) It can't; those are two mutually exclusive goals.
• B) When firms earn higher profits,governments collect additional tax revenue.
• C) When firms earn higher profits,they are able to employ more workers,leading to a more prosperous economy.
• D) Firms are able to capture more revenue by selling their product to more consumers,which means that more buyers are able to acquire a desired product.
• E) It can't; welfare-minded societies tend to overregulate business profits.

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Definitions:

United States

A country located primarily between Canada and Mexico on the North American continent, consisting of 50 states and a federal district.

September 11

The date of a series of coordinated terrorist attacks by the Islamic extremist group al-Qaeda against the United States in 2001.

Sensory Registers

Memory systems that briefly hold incoming information from the senses, allowing it to be processed further. These registers include iconic (visual), echoic (auditory), and other modalities.

Echo

A sound or series of sounds caused by the reflection of sound waves from a surface back to the listener.