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Title: If a firm knew every consumer's willingness to pay and could prevent arbitrage, it could charge ... Post by: wrightjb on Feb 28, 2019 Question 1. When firms adopt successful dynamic pricing strategies, typically• all consumers gain by paying lower prices. • all consumers lose by paying higher prices. • some consumers gain and some lose, but as a group, consumers gain. • some consumers gain and some lose, but as a group, consumers lose. Question 2. If a firm knew every consumer's willingness to pay and could prevent arbitrage, it could charge every consumer a different price. This practice is known as• first-degree exploitation, or perfect price discrimination. • maximization of producer surplus, or perfect price discrimination. • first-degree price discrimination, or perfect price discrimination. • first-degree transfer of consumer surplus, or perfect price discrimination. Title: If a firm knew every consumer's willingness to pay and could prevent arbitrage, it could charge ... Post by: gtur on Feb 28, 2019 Content hidden
Title: If a firm knew every consumer's willingness to pay and could prevent arbitrage, it could charge ... Post by: wrightjb on Feb 28, 2019 You make an excellent tutor!
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