Quiz_162 - 42 .Asaresult,theyofferdifferent . A B)

Quiz_162 - 42 .Asaresult,theyofferdifferent . A B)

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42) Many colleges and universities practice yield management. As a result, they offer differentfinancial aid packages to different students. One result of yield management is that colleges oftenA) offer a less generous financial aid package to students with relatively high family incomes.B) offer a less generous financial aid package to students who donʹt participate in manyextracurricular activities when they are in high school.C) offer a less generous financial aid package to students who apply for an early admissiondecision.D) offer a more generous financial aid package to students who apply for an early admissiondecision.Answer: C42)Diff: 2Page Ref: 527/527Topic: Yield ManagementLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Reflective Thinking43) If a firm knew every consumerʹs willingness to pay and could prevent arbitrage it could chargeevery consumer a different price. This practice is known as43)Diff: 2Page Ref: 527-528/527-528Topic: Perfect Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Reflective Thinking44) A price-discriminating firm charges the highest price to44)Diff: 2Page Ref: 527-528/527-528Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Reflective Thinking

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