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Suppose Coca Cola Company Uses Heat Sensors and Microchips to Automatically

Question 48

Multiple Choice

Suppose Coca Cola Company uses heat sensors and microchips to automatically change prices of its products.Which of the following economic concepts describes Coca Cola's goal to charge higher prices for a can of Coke on a hot day?


A) price discrimination
B) rent-seeking
C) deadweight loss
D) internalizing an externality

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