Suppose the local pharmacy charges lower prices to senior citizens than it charges to younger customers. The pharmacy is practicing
A) perfect price discrimination.
B) second-degree price discrimination.
C) arbitrage.
D) third-degree price discrimination.
E) non-cost discrimination.
Correct Answer:
Verified
Q61: Arbitrage is
A)a form of negotiation between two
Q62: For a firm that perfectly price discriminates,
A)price
Q63: If a perfectly competitive firm and a
Q64: Suppose a monopolist practices perfect price discrimination.
Q65: A monopolist practicing (perfect) price discrimination has
A)a
Q67: Which of the following statements is false?
A)The
Q68: If a single-price monopolist and a perfectly
Q69: Rent seeking occurs when the seller charges
A)different
Q70: Which of the following is not a
Q71: Third-degree price discrimination is discrimination among
A)units.
B)quantities.
C)buyers.
D)prices.
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