When firms price discriminate they Select one: a. get additional surplus from consumers who would have bought at the profit-maximizing uniform price but lose sales because of the higher prices. b. maintain surplus from existing consumers but pick up additional consumers that would not have bought at the profit-maximizing uniform price. c. get additional surplus from consumers who would have bought at the profit-maximizing uniform price. d. None of the above.

When firms price discriminate they Select one: a. get additional surplus from consumers who would have bought at the profit-maximizing uniform price but lose sales because of the higher prices. b. maintain surplus from existing consumers but pick up additional consumers that would not have bought at the profit-maximizing uniform price. c. get additional surplus from consumers who would have bought at the profit-maximizing uniform price. d. None of the above.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 5SQ

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