Consider the following actions undertaken by a firm a charging the same price

Consider the following actions undertaken by a firm a

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36) Consider the following actions undertaken by a firm:a.charging the same price for products of different qualityb.charging different prices to different consumers for the same product when the variationcannot be explained by cost differencesc.charging different prices for products of different qualitiesd.charging a lower price to match a competitorʹs priceWhich of the above will be considered price discrimination?36)Diff: 2Page Ref: 523/523Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Reflective Thinking37) Price discrimination is possible in which of the following market structures?A) b and c onlyB) a, b, c, and dC) b, c, and d onlyD) c and d only37)Diff: 2Page Ref: 523/523Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Reflective Thinking38) Which of the following undermines a firmʹs ability to engage in price discrimination?38)Diff: 2Page Ref: 523/523Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Reflective Thinking39) Which of the following firms isnotable to practice price discrimination?A) commercial airlinesB) land-line telephone companiesC) movie theatersD) the largest wheat farmer in NebraskaAnswer: D39)Diff: 2Page Ref: 523/523Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Reflective Thinking11
Table 16-2Quantity Demandedin Middle Fall(tubes per week)Price perTubeQuantity Demandedin West Fall(tubes per week)Price perTube1$81$5.002724.503634.004543.505453.00

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