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Question
For the companies that are able to engage in price discrimination, the practice
a. is profitable.
b. increases the welfare of consumers.
c. is sometimes inefficient for the market.
d. is difficult to maintain over the long run.
e. decreases the welfare of producers.
Answer
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Related questions
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The economic entity most likely to engage in price gouging is
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What will an individual do differently as a buyer in the black market in the long run?
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What is the long-run consequence of a price ceiling law?
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Suppose Solomon lives in a community with no price controls. What do you expect will happen if his town borders a community where there is a binding price ceiling on most products?
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