Which of the Following Statements Is FALSE

question 67

Multiple Choice

Which of the following statements is FALSE?
I. If the demand curves are different, it is more profitable to set a single price than different prices in markets.
II. To maximize profit the firm should set a lower price in markets with more elastic demand.
III. The presence of arbitrage makes it easy for a firm to price discriminate.

• A) I and II only
• B) II only
• C) III only
• D) I and III only

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Definitions:

Resolution Phase

The fourth phase of the sexual response cycle, during which the body gradually returns to its pre-aroused state.

Hypothalamus

A region of the brain responsible for the production of many of the body's essential hormones, thereby regulating temperature, hunger, thirst, fatigue, sleep, and circadian rhythms.

Blood Sugar

The concentration of glucose in the blood, which is a primary source of energy for the body's cells.

Hunger Pangs

Sensations of discomfort or weakness caused by the need for food.