41. One of the conditions under which price discrimination is profitable is: a.

Question

41. One of the conditions under which price discrimination is profitable is:
a. costs vary among customers.
b. inelastic demand in each submarket.
c. differences in demand elasticities.
d. identical price elasticities among submarkets.

42. Which of the following pricing policies extract larger portion of consumer surplus from the market?
a. first-degree price discrimination.
b. monopoly pricing.
c. two-part pricing.
d. multiple-product pricing.

43. Which of the following is a potential limitation of the decision making under uncertainty?
a. people do not always know the "true" probability of complicated events.
b. decision making under uncertainty assumes that people are good at math.
c. decision making under uncertainty assumes that people face the same uncertain situation repeatedly.
d. people are not risk averse.

44. The risk that business property located abroad might be seized by host governments can be defined as:
a. currency risk
b. expropriation risk
c. cultural risk
d. liquidity risk

45. Suppose that a firm

Explanation / Answer

D

A

C

B

A

Related Questions

Navigate

• Browse (All)
• Browse 4
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.