Multiple Choice
It is frequently observed that when a city is located next to a major highway,gas stations located close to the highway charge higher prices than gas stations located farther away.This is an example of:
A) first-degree price discrimination.
B) second-degree price discrimination.
C) third-degree price discrimination.
D) illegal price discrimination.
Correct Answer:

Verified
Correct Answer:
Verified
Q8: When demand is elastic,the marginal revenue resulting
Q9: Which of the following is considered a
Q10: "Personalized pricing" and "group pricing" are examples
Q11: Assume the price elasticity of demand for
Q12: Automobile manufacturers often use incentive programs,including special
Q14: Assume you have been hired to advise
Q15: A firm's profits will be greatest when
Q16: Assume the price elasticity of demand for
Q17: When the macroeconomy is doing poorly (as
Q18: The difference between the total willingness to