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:

Synaptic Pruning

The process by which extra neurons and synaptic connections are eliminated to increase the efficiency of neuronal transmissions.

Myelinated

Refers to nerve fibers that are coated with myelin, a substance that speeds up the transmission of nerve impulses.

Cerebrum

The largest part of the brain, responsible for higher brain functions such as thought, action, and sensory processing.

Genetic Link

A connection between certain genes and specific traits or diseases.