Amusement parks often offer discounts to locals with

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13. Amusement parks often offer discounts to locals with IDs. This is an example of a. A direct discrimination scheme b. An indirect discrimination scheme c. Diminishing marginal returns
d. Vertical integration 14. Public transit offers discounted monthly passes to students, which can only be bought and used with valid student IDs. The transit system is using a. A direct discrimination scheme b. An indirect discrimination scheme c. The Robinson-Patman act d. None of the above 15. A firm practicing direct price discrimination will charge a higher price to a. Consumers known to have an elastic demand b. All consumers c. Consumers known to have an inelastic demand d. Consumers known to have a unitary elastic demand 16. A firm practicing direct price discrimination will charge lower prices to a. Consumers with an elastic demand b. All consumers c. Consumers known to have an inelastic demand d. Consumers known to have a unitary elastic demand 17. For direct price discrimination to work, the firm a. Must be able to identify members of the low value group b. Charge the low-value group lower prices than the rest c. Prevent the low-value group from reselling their low priced goods to higher-valued group d. All of the above 18. For direct price discrimination to work, a. The firm need not be able to identify members of the low-value group b. The firm must charge a single price to all its customers c. The firm need not worry about any arbitrage since all its customers are charged the same price d. None of the above 19. For direct price discrimination to work a. The firm must be able to identify the members of the low value group b. The firm must charge a single price to all its customers c. The firm need not worry about any arbitrage since all its customers are charged the same price d. The firm should charge a higher price to those customers with the most elastic demand 20. For direct price discrimination to work a. The firm need not be able to identify the members of the low-value group b. The firm be able to charge the low-value customers a lower price than the higher-value customers
c. The firm need not worry about any arbitrage since all its customers are charged the same price d. It needs to be too complicated for the customers to understand 21. The Robinson-Patman act a. Is a part of the antitrust laws b. Makes it illegal to give a price discount on a good sold to another business c. Is also known as the Anti-Chain-store Act d. All of the above

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