Price discrimination is more common for firms selling services than for manufacturing firms because:
A) it is easier to prevent arbitrage of a service than of a manufactured product.
B) monopoly is more common in the production of services than in production of manufactured goods.
C) price elasticities of demand differ more among consumers of services than customers of manufactured goods.
D) firms selling services are more likely to have constant marginal cost curves.
Correct Answer:
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Q38: Which of the following is needed for
Q39: With perfect price discrimination,a monopolist:
A)must lower the
Q40: A perfectly price-discriminating monopolist:
A)restricts output more than
Q41: Which of the following conditions will allow
Q42: Intertemporal price discrimination is a form of:
A)first-degree
Q44: In case of third-degree price discrimination in
Q45: Which of the following is not a
Q46: Which of the following is true of
Q47: A firm charges a higher price for
Q48: When airlines charge different fares for seats
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