Multiple Choice
Third-degree price discrimination refers to situation in which:
A) a firm charges different prices for different blocks of output.
B) a firm separates markets according to the price elasticity of demand.
C) a firm is able to charge the maximum price consumers are willing to pay for each unit of output.
D) a firm divides a market into thirds and charges each segment a different price.
Correct Answer:
Verified
Correct Answer:
Verified
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