Which of the Following Statements Regarding Price Discrimination Is True

question 71

Multiple Choice

Which of the following statements regarding price discrimination is true?

• A)In order to capture more surplus, the firm must have some market power.
• B)Third-degree price discrimination is illegal.
• C)Second-degree price discrimination refers to pricing differently for different market segments.
• D)First-degree price discrimination is relatively easy to implement.

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Definitions:

Disjunctive Premise

A statement in an argument that presents alternatives, typically in the form "either A or B."

Negative Proposition

A statement in logic that denies or negates a relationship or attribute between subjects.

Swimming

The act of moving through water by using the limbs.

Boating

The recreational practice or occupation of traveling by boat, especially on lakes, rivers, or the sea.