The more a firm knows about ________ the easier it is for the firm to ________.
A) competitors; advertise
B) costs; sell its goods
C) supply; price discriminate
D) demand; price discriminate

Question

Quizplus · Accepted Answer

Knowing about demand allows the firm to price discriminate, meaning they can charge different prices to different groups of consumers based on their willingness to pay. This can increase profits for the firm.

The More a Firm Knows About ________ the Easier It