Relative to Single Price Policy Third Degree Price Discrimination

question 8

Multiple Choice

Relative to single price policy third degree price discrimination

• A)always reduces welfare.
• B)always increases welfare.
• C)may increase welfare if total output falls.
• D)may increase welfare if total output rises.

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Definitions:

Thoughts

Mental cognitions or processes that involve reasoning, remembering, imagining, or planning.

Self-determination Theory

A theory of motivation that emphasizes the role of intrinsic motivations and the need for autonomy, competence, and relatedness in human psychological growth.

Intrinsic Factors

Elements originating from within a person or object that motivate behavior, such as personal satisfaction or enjoyment.

Extrinsic Factors

External influences on behavior, performance, or outcomes in various contexts, including environmental, social, and economic factors.