Multiple Choice
In case of third-degree price discrimination in two markets with differing demand elasticities,price will:
A) converge in the two markets if resale is possible.
B) be higher in the market with the more elastic demand.
C) be higher in the market with the higher average cost.
D) differ between the two markets only if the number of consumers varies.
Correct Answer:
Verified
Correct Answer:
Verified
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