When firms price discriminates, they: a. lose surplus from consumers who would have bought at the...
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When firms price discriminates, they: a. lose surplus from consumers who would have bought at the profit- maximizing uniform price. b. sell to new consumers that would not have bought at the profit-maximizing uniform price. c. sell to new consumers who would not have bought at the profit-maximizing uniform price but lose sales to existing consumers because of the higher prices. d. sell to new consumers who would not have bought at the profit-maximizing uniform price but lose sales to existing consumers because of the lower prices. When firms price discriminates, they: a. lose surplus from consumers who would have bought at the profit- maximizing uniform price. b. sell to new consumers that would not have bought at the profit-maximizing uniform price. c. sell to new consumers who would not have bought at the profit-maximizing uniform price but lose sales to existing consumers because of the higher prices. d. sell to new consumers who would not have bought at the profit-maximizing uniform price but lose sales to existing consumers because of the lower prices.
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Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Posted Date:
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