If a Firm Successfully Price Discriminates,it Increases

question 2

Multiple Choice

If a firm successfully price discriminates,it increases
i.consumer surplus.
ii.deadweight loss.
iii.economic profit.

• A) i only
• B) ii only
• C) iii only
• D) i and iii
• E) i and ii

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Definitions:

Richard von Krafft-Ebing

A 19th-century Austro-German psychiatrist and author known for his research on sexual behavior and psychopathology.

Phallic-Stage Boy

A term from Freudian psychoanalysis referring to a developmental stage in boys, roughly ages 3 to 6, focused on genital fixation and identification with the same-sex parent.

Castration Anxiety

In Freudian theory, the belief that the father will cut off the child’s penis because of competition for the mother/wife.

Sigmund Freud

An Austrian neurologist who is known as the founding father of psychoanalysis, a method for treating psychological pathology by means of dialogue between the patient and a psychoanalyst.