solve 20-30 mins i'll give you multiple upvote( handwritten asap) 1True/False questionsDetermine if the statements are true or false. Justify your answer.1. Personalized pricing is the modern term that is equivalent to first degree price discrimination accordingto the classification of Pigou (1920).2. A case the illustrates the discrepancies in approach and standards between the Unites States and theEuropean Union antitrust competition law is the Virgin/British Airways cases in the year 2000.3. Uniform pricing across different international geographic locations is always dominated by local geographicgroup price discrimination.4. It is fair to state that over the last couple of decades European Competiton law and practice has movedfarther from the antitrust approach of the United States.5. Menu pricing is the modern term that is equivalent to third degree price discrimination according to theclassification of Pigou (1920).6. A partial cartel formation can be stable in a single market where firms compete à la Cournot withsufficiently differentiated products.7. Two factors that explains the divergent approaches between competition policy in the United States(U.S.) and the European Union (EU) are: i) the historical development of the business environment in bothgeographic areas and ii) the importance of economic analysis which was more relevant in the E.U. than inthe U.S.8. A horizontal merger between two firms is basically the same as a partial cartel formation between the twofirms.9. Main social issue for a horizontal merger is when it is profitable and reduces the welfare of society.10. Consider an industry in which firms compete a la Cournot with homogenous products. In a sequentialcartel formation process less than 80% of the firms in the industry form a cartel while the complement remainindependent.

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Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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