ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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In observing how a firm behaves, you would know it were practicing Price Discrimination if it:
Select one:
O a. only accepts credit or debit card payments.
O b. asks personal questions about a customer's race, ethnicity, religion, or sexual orientation.
O c. charges customers more than they would prefer to pay.
O d. charges different prices to different customers even though the cost is the same to supply to each customer.
X
MacBook Air
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Transcribed Image Text:In observing how a firm behaves, you would know it were practicing Price Discrimination if it: Select one: O a. only accepts credit or debit card payments. O b. asks personal questions about a customer's race, ethnicity, religion, or sexual orientation. O c. charges customers more than they would prefer to pay. O d. charges different prices to different customers even though the cost is the same to supply to each customer. X MacBook Air
Product Differentiation refers to the ability of firms to:
Select one:
O a. adjust their products for different prices.
O b. charge different prices to different customers for the same product.
C.
sell a product that is similar to but different from what their competitors are selling.
O d. sell their product in different markets.
MacBook Air
expand button
Transcribed Image Text:Product Differentiation refers to the ability of firms to: Select one: O a. adjust their products for different prices. O b. charge different prices to different customers for the same product. C. sell a product that is similar to but different from what their competitors are selling. O d. sell their product in different markets. MacBook Air
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