Statement I

question 125

Multiple Choice

Statement I.Price discrimination is basically a mechanism for rationing scarce goods and services.
Statement II.The price discriminator must be able to prevent buyers from reselling the product (i.e. ,stop those who would buy at a low price from selling to those who would otherwise buy at a higher price) .

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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