Multiple Choice
Why doesn't a firm price discriminate based on income levels?
A) It would be nearly impossible to conveniently confirm any individual's income level.
B) It is illegal to ask someone their income level.
C) It is immoral to price discriminate based on income levels.
D) They do: It is common practice for firms to price discriminate based on income.
Correct Answer:

Verified
Correct Answer:
Verified
Q48: Price discrimination reveals<br>A) the inherent greed of
Q63: Suppose all individuals are identical,and their monthly
Q63: Consumers who put a high value on
Q64: Which of the following is likely hardest
Q71: All firms can increase profits using price
Q72: Suppose all individuals are identical, and their
Q73: If two identifiable markets differ with respect
Q80: A firm that holds a monopoly in
Q81: Explain why a firm can earn more
Q118: If a firm offers a senior citizen