bserving howa firm behaves, you would know it were practicing Price Discrimination if it: ect one: O a. only accepts credit or debit card payments. O b. asks personal questions about a customer's race, ethnicity, religion, or sexual orientation. O c. charges customers more than they would prefer to pay. O d. charges different prices to different customers even though the cost is the same to supply to each custom P.

bserving howa firm behaves, you would know it were practicing Price Discrimination if it: ect one: O a. only accepts credit or debit card payments. O b. asks personal questions about a customer's race, ethnicity, religion, or sexual orientation. O c. charges customers more than they would prefer to pay. O d. charges different prices to different customers even though the cost is the same to supply to each custom P.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

5 and 11

In observing how a firm behaves, you would know it were practicing Price Discrimination if it:
Select one:
O a. only accepts credit or debit card payments.
O b. asks personal questions about a customer's race, ethnicity, religion, or sexual orientation.
O c. charges customers more than they would prefer to pay.
O d. charges different prices to different customers even though the cost is the same to supply to each customer.
X
MacBook Air

Product Differentiation refers to the ability of firms to:
Select one:
O a. adjust their products for different prices.
O b. charge different prices to different customers for the same product.
C.
sell a product that is similar to but different from what their competitors are selling.
O d. sell their product in different markets.
MacBook Air

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