Which of the Following Is True Regarding Price Discrimination

question 322

Multiple Choice

Which of the following is true regarding price discrimination?
i.It converts consumer surplus to economic profit.
ii.A price discriminator must be a monopoly.
iii.To be able to price discriminate,the firm must be able to identify different types of buyers.

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

---

Definitions:

Résumé

A persuasive summary of your qualifications for employment.

Eye Contact

Looking another person directly in the eye.

Previous Job

Refers to an individual's employment position held before their current one, often mentioned in resumes or interviews to highlight experience.

Personal Reasons

Circumstances or factors relating to an individual's personal life that influence their decisions or actions.