Which Statement Is True

question 39

Multiple Choice

Which statement is true?

• A)Perfect price discrimination is very common.
• B)Perfect price discrimination would eliminate consumer surplus.
• C)Charging different prices to senior citizens,children,and adults under 65 is an example of perfect price discrimination.
• D)None of the statements are true.

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Definitions:

Government in Sunshine Act

A law that requires certain meetings of governmental agencies to be open to the public.

Federal Register

The government publication in which an agency publishes each proposed rule, along with an explanation of the legal authority for issuing the rule and a description of how the public can participate in the rule-making process, and later publishes the final rule.

Class B License

A type of driver’s license that permits the holder to operate certain types of vehicles, such as heavy trucks and vehicles with trailers, depending on the issuing jurisdiction.

Class C License

A type of driver's license that allows the operation of vehicles designed to transport 16 or fewer passengers, including the driver, typically personal cars.