2/16/2020 25.01.2020_EPGP-12_SEC-C_ME_QUIZ-03: Attempt review 10.80.252.176/mod/quiz/review.php?attempt=2366&cmid=29 1/5 Dashboard / My courses / mba12c / General / 25.01.2020_EPGP-12_SEC-C_ME_QUIZ-03 Question 1 Correct Mark 1.00 out of 1.00 Question 2 Correct Mark 1.00 out of 1.00 Question 3 Correct Mark 1.00 out of 1.00 Started on Saturday, 25 January 2020, 8:31 PM State Finished Completed on Saturday, 25 January 2020, 8:42 PM Time taken 10 mins 5 secs Grade 13.00 out of 15.00 ( 87 %) When a company introduces new audio products, it often initially sets the price high and lowers the price about a year later. This is an example of Select one: a. a two-part tariff. b. second-degree price discrimination. c. intertemporal price discrimination. d. first-degree price discrimination. The correct answer is: intertemporal price discrimination. Which of the following is NOT a condition for third degree price discrimination? Select one: a. Monopoly power b. Different own price elasticities of demand c. Economies of scale d. Separate markets The correct answer is: Economies of scale Large manufacturing firms that buy many different parts or components (e.g., auto manufacturers) can choose which parts to buy from other firms and which parts to make in their own factories. These manufacturers may be able to use monopsony power to reduce the price paid to outside suppliers for parts that are: Select one: a. standard components for many manufacturers so that there are many buyers and sellers. b. only used in their cars so that there is one buyer and a few sellers. c. bought and sold in perfectly competitive markets.