The Key Idea Behind Price Discrimination Is to Convert Consumer

question 113

Multiple Choice

The key idea behind price discrimination is to convert consumer surplus into

• A) a barrier to entry.
• B) economic profit.
• C) deadweight loss.
• D) monopoly power.
• E) total cost.

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Definitions:

Equivocation

The misleading use of a word with more than one meaning or sense, often intentionally, to confuse or deceive.

Sugar

A sweet-flavored substance derived primarily from sugarcane and sugar beets, used as a sweetener in food and beverages.

Equivocation

The deceptive application of a word that has multiple meanings or senses.

Pillar

A structural element used to support buildings and large structures, known for its strength and stability.