Which of the Following Statements Concerning Price Discrimination Among Consumers

question 59

Multiple Choice

Which of the following statements concerning price discrimination among consumers with different price elasticities is true?

• A)Consumers are charged different prices because costs vary among consumers.
• B)A firm cannot price-discriminate unless it can identify different consumer types.
• C)It is possible for a competitive firm to price-discriminate.
• D)Price discrimination occurs when some ethnic groups can get service and others cannot.
• E)A firm can price-discriminate only if it has market power.

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Definitions:

Average Attendance

The mean number of individuals present at an event or location over a given period, calculated by summing the total attendance and dividing by the number of occurrences.

Standard Deviation

An evaluation of the amount of deviation or disparity among values in a given set.

Employee Productivity

A measure of an employee's output or efficiency within a specific period of time, often evaluated to gauge performance and effectiveness.

Dexterity

Dexterity refers to the skill and grace in physical movement, especially the hands, and the ability to perform tasks requiring a high level of manual coordination.