What of the following statements is not true about group price discrimination? Group of answer choices it is less difficult to charge different prices to different consumers if a good is an individually provided service, such as haircuts the group of consumers with more elastic demand (as a given price) will be charged a higher price in theory the good considered must be the same, but in the real world a price discriminating monopolist may need to change the good in order to charge different prices (e.g., put it into a different container or box).
What of the following statements is not true about group price discrimination? Group of answer choices it is less difficult to charge different prices to different consumers if a good is an individually provided service, such as haircuts the group of consumers with more elastic demand (as a given price) will be charged a higher price in theory the good considered must be the same, but in the real world a price discriminating monopolist may need to change the good in order to charge different prices (e.g., put it into a different container or box).
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter9: Monopoly
Section: Chapter Questions
Problem 11SQP
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Question
What of the following statements is not true about group price discrimination ?
Group of answer choices
it is less difficult to charge different prices to different consumers if a good is an individually provided service, such as haircuts
the group of consumers with more elastic demand (as a given price) will be charged a higher price
in theory the good considered must be the same, but in the real world a price discriminating monopolist may need to change the good in order to charge different prices (e.g., put it into a different container or box).
Which is the best example of price discrimination?
Group of answer choices
Higher price for a Ford truck than for a Ford car.
Different price for a car wash on Tuesday versus Wednesday
Average price of a 2000 square foot home in California being higher than in South Dakota.
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