Multiple Choice
After a severe hurricane in South Carolina, the price of electric generators quadrupled. People living outside of South Carolina purchased electric generators in their home states and drove them to South Carolina to sell at a much higher price. What is this an example of?
A) arbitrage
B) perfect price discrimination
C) price gouging
D) marginal-price geography
Correct Answer:
Verified
Correct Answer:
Verified
Q216: Which of the following statements is TRUE?<br>A)
Q217: Price discrimination is:<br>A) rare in markets.<br>B) common
Q218: Use the following to answer questions:<br>Figure: Perfect
Q219: It is better to have a rare
Q220: Price discrimination is considered bad when:<br>A) total
Q222: If cable television operators did not practice
Q223: Which of the following regarding the outcome
Q224: Perfect price discrimination creates:<br>A) a larger deadweight
Q225: GlaxoSmithKline attempts to prevent arbitrage of its
Q226: Which of the following would be an