A perfectly competitive firm cannot practice price discrimination because Group of answer choices a. a firm that breaks even in the long run cannot afford to engage in yield management. b. it does not advertise; this prevents the firm from marketing its product to different segments of the market. c. each consumer in a perfectly competitive market has the same willingness to pay. d. the firm can only charge the market price.
A perfectly competitive firm cannot practice price discrimination because Group of answer choices a. a firm that breaks even in the long run cannot afford to engage in yield management. b. it does not advertise; this prevents the firm from marketing its product to different segments of the market. c. each consumer in a perfectly competitive market has the same willingness to pay. d. the firm can only charge the market price.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A perfectly competitive firm cannot practice price discrimination because
Group of answer choices
a. a firm that breaks even in the long run cannot afford to engage in yield management.
b. it does not advertise; this prevents the firm from marketing its product to different segments of the market.
c. each consumer in a perfectly competitive market has the same willingness to pay .
d. the firm can only charge the market price.
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