Josh operates a funeral service business. He is able to sell coffins to his clients. In this situation: 1. price discrimination is not possible. 2. price discrimination is possible because Josh can discover a client's willingness to pay. 3. price discrimination is possible as Josh could sell the same coffin to different

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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Josh operates a funeral service business. He
is able to sell coffins to his clients. In this
situation:
1. price discrimination is not possible.
2. price discrimination is possible because
Josh can discover a client's willingness
to pay.
3. price discrimination is possible as Josh
could sell the same coffin to different
groups of customers at different prices.
Which of the above statements are true:
Only 1 is true.
Only 2 is true.
Both 1 and 2 are true.
Both 2 and 3 are true.
All three are true.
Transcribed Image Text:Josh operates a funeral service business. He is able to sell coffins to his clients. In this situation: 1. price discrimination is not possible. 2. price discrimination is possible because Josh can discover a client's willingness to pay. 3. price discrimination is possible as Josh could sell the same coffin to different groups of customers at different prices. Which of the above statements are true: Only 1 is true. Only 2 is true. Both 1 and 2 are true. Both 2 and 3 are true. All three are true.
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