Which of the Following Statements About Perfect Price Discrimination Is

question 13

Multiple Choice

Which of the following statements about perfect price discrimination is false?

• A)There is no consumer surplus if a firm engages in perfect price discrimination.
• B)Perfect price discrimination occurs when the seller charges the highest price each consumer would be willing to pay for the product.
• C)A condition for perfect price discrimination is that it must be costlier to service some customers than others.
• D)For the price-discriminating firm, its marginal revenue curve coincides with its demand curve.

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Definitions:

Social Identity

The way individuals define themselves in terms of their group membership.

Group Membership

This term refers to the belonging or association of an individual with a specific group or organization, characterized by shared interests, goals, or characteristics.

Individuals

Single human beings as distinguished from a group, society, or community, focusing on their unique traits and decisions.

Implicit Racism

subconscious bias or prejudice towards an ethnic or racial group, which influences attitudes, actions, and decisions in an unconscious manner.