Multiple Choice
Which of the following statements is FALSE?
I. If the demand curves are different, it is more profitable to set a single price than different prices in markets.
II. To maximize profit the firm should set a lower price in markets with more elastic demand.
III. The presence of arbitrage makes it easy for a firm to price discriminate.
A) I and II only
B) II only
C) III only
D) I and III only
Correct Answer:
Verified
Correct Answer:
Verified
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