Second-Degree Price Discrimination

question 8

Multiple Choice

Second-degree price discrimination:

• A) is also known as block rate setting
• B) is imperfect in the eyes of a monopolist
• C) is regularly practiced by public utilities
• D) is effective only in the case of services or products which are sold in easily metered units
• E) all of the above

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Definitions:

Monthly

Pertaining to or calculated on the basis of one month.

Master Budget

A comprehensive financial planning document that consolidates all of a business's budgets and plans for the future, including sales, production, and financial budgets.

Budgetary Control

The use of budgets to control operations.

Master Budget

An all-encompassing financial planning document that includes detailed budgets for all aspects of a company's operations over a specific period.