Without Price Discrimination

question 184

Multiple Choice

Without price discrimination,:

• A) firms in industries with high fixed costs will have less incentive to innovate.
• B) total surplus will be higher in all industries.
• C) we would most likely see more product variation.
• D) consumers with more elastic demands would most likely see lower prices.

---

Definitions:

Full Spectrum Awareness

Understanding and being mindful of a wide range of factors, perspectives, and influences in any situation or environment.

Present Moment

The current point in time, focused on the here and now, without concern for past or future events.

Sufism

A mystical Islamic belief system that seeks to find divine love and knowledge through direct personal experience of God.

Zen Meditation

Zen Meditation is a form of Buddhist practice that focuses on sitting meditation and the cultivation of awareness and insight into the nature of existence.