|
Title: Big data is often used to establish pricing strategies for automobile insurance companies. Post by: studymite on Feb 28, 2019 Question 1. If price discrimination occurs in a market,• the law of one price does not hold. • the firm earns arbitrage profits. • consumers whose demand for the product sold is more elastic pay higher prices than consumers whose demand is less elastic. • the marginal cost of production is constant. Question 2. Big data is often used to establish pricing strategies for automobile insurance companies.• true • false Title: Big data is often used to establish pricing strategies for automobile insurance companies. Post by: jfinn1021 on Feb 28, 2019 Content hidden
|