Economists Generally View the Practice of Perfect Price Discrimination Favorably

question 87

Multiple Choice

Economists generally view the practice of perfect price discrimination favorably because it:

• A)maximizes consumer surplus.
• B)forces rich people to pay higher prices.
• C)deters monopoly pricing.
• D)eliminates deadweight loss.

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Definitions:

3-D Printer

A device that creates three-dimensional objects by depositing materials, such as plastic, layer by layer based on digital models.

Physical

Pertaining to the corporeal or material world, as opposed to digital, virtual, or mental aspects.

Visual

Refers to elements that can be seen, often pertinent in computing to graphical interfaces or imagery.

Electronic Charge

A fundamental property of matter carried by some subatomic particles, which causes them to experience a force within an electromagnetic field.