Multiple Choice
The practice of price discrimination has which of the following effects?
A) Groups with the higher elasticity of demand will pay higher prices.
B) Groups with the lower elasticity of demand will pay higher prices.
C) With price discrimination, total output and allocative efficiency will fall.
D) Groups will pay identical prices that are exactly equal to the firm's marginal cost.
Correct Answer:
Verified
Correct Answer:
Verified
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