Assume you have four tickets to a U2 concert. You decide to sell each of them separately on an auction site such as eBay. Your auctions represent
A) price differentiation.
B) perfect price discrimination amongst those who bid for your tickets.
C) perfect price discrimination amongst all people who buy tickets for the concert.
D) maximization of U2's producer surplus.
Correct Answer:
Verified
Q16: All firms can increase profits using price
Q17: Resale is difficult when
A)the good is light-weight.
B)the
Q18: Price discrimination
A)is illegal in the U.S.
B)is a
Q19: Why might luxury-goods retailers limit purchases on
Q20: When firms price discriminate, they
A)get additional surplus
Q22: The deadweight loss generated by a perfect-price-discriminating
Q23: A difference between a perfectly competitive market
Q24: A difference between a perfectly competitive market
Q31: When a firm has a monopoly in
Q38: If a market is controlled by a
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