Imagine a Technology That Enabled People to Sell Part of the Contents

question 238

Multiple Choice

Imagine a technology that enabled people to sell part of the contents of their brains directly (assume that the seller does not get to keep a copy of the contents) . Why might this make price discrimination for college education more difficult?

• A) It would be more difficult for financial aid offices to ascertain the willingness-to-pay of each student.
• B) Everyone would have the same elasticity of demand for college attendance.
• C) Everybody would panic since it would no longer be clear who knew or remembered what.
• D) Poor students could attend college (perhaps repeatedly) at a low cost and sell the information to wealthy students.

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Definitions:

American Psychological Association

A leading scientific and professional organization representing psychology in the United States, dedicated to advancing the discipline.

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