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Question
Many electronic brands such as Apple, Hewlett-Packard, and Epson typically offer refurbished products at lower prices. In this case, these companies are
a. not discriminating prices because the refurbished products are different from the new products.
b. price discriminating because they offer a similar product at a lower price.
c. price discriminating because they offer those discounts only online.
d. not discriminating because people can buy the same products in retail stores.
e. not discriminating because they are price takers, not price makers.
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?
a. He or she will substitute away from the product.
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What is the long-run consequence of a price ceiling law?
a. A surplus will continue to exist and will grow larger over time.
b. A surplus will continue to exist and will grow smaller over time.
c. A shortage will continue to exist and will grow larger over time.
d. A shortage will continue to exist and will grow smaller over time.
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Q:
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?
a. Prices in the legal market in the community with a binding price ceiling will rise.
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Q:
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a. Demand for jelly will increase along with the price.
b. Demand for jelly will decrease along with the price.
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Q:
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Q:
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Q:
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