A Perfectly Competitive Firm Cannot Practice Price Discrimination Because

question 248

Multiple Choice

A perfectly competitive firm cannot practice price discrimination because

• A)a firm that breaks even in the long run cannot afford to engage in yield management.
• B)it does not advertise; this prevents the firm from marketing its product to different segments of the market.
• C)each consumer in a perfectly competitive market has the same willingness to pay.
• D)the firm can only charge the market price.

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Definitions:

Metabolic Syndrome

A cluster of conditions that occur together, increasing the risk of heart disease, stroke, and type 2 diabetes.

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, including coronary artery disease, hypertension, and stroke.

Chest Discomfort

A common symptom that can involve pain, pressure, squeezing, or a feeling of tightness in the chest area, often associated with heart-related issues.

Angina Pectoris

Chest pain or discomfort caused by reduced blood flow to the heart muscle, often a symptom of coronary artery disease.