A Major Fruit Juice Manufacturer Failed in Its Attempt to Engage

question 112

Multiple Choice

A major fruit juice manufacturer failed in its attempt to engage in price discrimination between students and all other consumers.What is a possible explanation for this failure?

• A)There was nothing to prevent the students from reselling the fruit juice to other consumers.
• B)The fruit juice manufacturer produced in a perfectly competitive market.
• C)The two groups of consumers probably have the same demand elasticity for fruit juice.
• D)The cost of producing the product is relatively high.
• E)Demand for fruit juice is probably inelastic.

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Definitions:

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